BDHG Leases 3,612 SF Retail Space At 159 Morgan Street In Jersey City
159 Morgan Street
$54
$54/SF
Building Size
3,612 SF
Asset Type
Retail
Closing
Feb 1, 2023
AI
The retail space located at 159 Morgan Street in Jersey City has been leased in a closed transaction. The property spans a total of 3,612 square feet and was leased to the tenant, BDHG, for a term of 10 years. The lease was facilitated by Christian Bastidas from West Hoboken Residential. The asking rent for the space was $54 per square foot.
Summary of transaction details
- Property Type: Retail
- Address: 159 Morgan Street
- Market: Jersey City
- Tenant: BDHG
- Broker: Christian Bastidas (Westhobokenresidential) - West Hoboken Residential
- Asking Rent: $54/ft
- Space: 3,612 square feet
- Lease Term: 10 years
Please note that for inquiries regarding retail space, interested parties can contact Christian Bastidas at [email protected].
Market Retail Market Snapshot
Boundary boundary · Retail · Lease transactions
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Purchase Price
Annual NOI
Loan Amount
Interest Rate (%)
Loan Term (yrs)
Down Payment (%)
Cap Rate
293759.26%
Cash-on-Cash
-83957.30%
Monthly Payment
$14,164
Annual Debt Svc
$169,964
Annual Cash Flow
$-11,334
DSCR
0.93