Updated Dec 4, 2024
Consigned Designs Leases Retail Space In Jersey City For 10 Years
197 Newark Avenue
$156
$156/SF
Building Size
500 SF
Asset Type
Retail
Closing
Jan 7, 2024
About this deal
AI
The retail property located at 197 Newark Avenue in Jersey City, NJ, has been leased to Consigned Designs. The lease terms include an asking rent of $156 per square foot for a 500 square foot space over a 10-year term.
Summary of transaction details:
- Property Type: Retail
- Transaction Amount: Not Applicable
- Tenant: Consigned Designs
- Brokers: Alexander Calle & Costandinos Romeo - eXp Realty
- Address: 197 Newark Avenue
- Market: Jersey City, NJ
- Asking Rent: $156/ft.
- Square Footage: 500
- Lease Term: 10 years
Alexander Calle and Costandinos Romeo from eXp Realty represented the parties in this lease transaction.
Players
Jersey City 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
101685.90%
Cash-on-Cash
-29062.14%
Monthly Payment
$14,164
Annual Debt Svc
$169,964
Annual Cash Flow
$-11,334
DSCR
0.93