Treasure Hunt Leases Retail Space At 2859 John F Kennedy Boulevard In Jersey City
2859 John F Kennedy Boulevard
$35
$35/SF
Building Size
11,000 SF
Asset Type
Retail
Closing
May 12, 2024
AI
The retail property located at 2859 John F Kennedy Boulevard in Jersey City was involved in a lease transaction between the landlord, Robert Braha of 51 Journal Square III, and the tenant, Treasure Hunt. The leasing deal was facilitated by Allie Beyda of BH Realty, with an asking rent of $35 per square foot for the 11,000 square feet of space.
Summary of transaction details:
- Property Type: Retail
- Transaction Amount: Not mentioned
- Address: 2859 John F Kennedy Boulevard
- Market: Jersey City
- Landlord: Robert Braha - 51 Journal Square III
- Tenant: Treasure Hunt
- Broker: Allie Beyda - BH Realty
- Asking Rent: $35/ft.
- Square Footage: 11,000
Allie Beyda from BH Realty played a crucial role as the broker in this lease deal, representing the involved parties and ensuring a successful transaction for the retail property. The collaboration between Robert Braha as the landlord and Treasure Hunt as the tenant signifies a significant real estate agreement in the bustling market of Jersey City.
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
453228.57%
Cash-on-Cash
-129534.12%
Monthly Payment
$14,164
Annual Debt Svc
$169,964
Annual Cash Flow
$-11,334
DSCR
0.93