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:
- Property Type: Retail
- Transaction Amount: Not specified
- Landlord: Jonathan Kushner - KRE Group
- Tenant: Patrick Jiang - Uni Uni Bubble Tea
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
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