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485 Marin Boulevard

Jonathan Kushner Of KRE Group Leases Retail Space To Patrick Jiang Of Uni Uni Bubble Tea
LEASEDRetail

Jonathan Kushner Of KRE Group Leases Retail Space To Patrick Jiang Of Uni Uni Bubble Tea

485 Marin Boulevard

Building Size

Asset Type

Retail

Closing

May 4, 2026

AI

The property asset involved in the transaction is located at 485 Marin Boulevard in Jersey City. This retail asset is situated within KRE Group’s 397-unit luxury building. The premises previously functioned as a leasing office, which has now been converted to accommodate a bubble tea shop offering over 40 different beverages and snacks.

Summary of transaction details:

This lease marks the introduction of retail activation to the luxury building and facilitates direct access for residents. Following the successful partnership with the landlord, there are plans in consideration for a second Uni Uni Bubble Tea location.

Players

Jonathan Kushner

Kushner Real Estate Group

Landlord

$3.9B

vol

10 deals

Landlord

Patrick Jiang

Uni Uni Bubble Tea

Tenant

1 deal

Tenant

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

5.80%

Cash-on-Cash

-1.66%

Monthly Payment

$14,164

Annual Debt Svc

$169,964

Annual Cash Flow

$-11,334

DSCR

0.93