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500 Jersey Avenue

Maxine Mandel Leases Retail Space To Dong Bei At 500 Jersey Avenue Jersey City
LEASEDRetail

Maxine Mandel Leases Retail Space To Dong Bei At 500 Jersey Avenue Jersey City

500 Jersey Avenue

$80

$80/SF

Building Size

2,000 SF

Asset Type

Retail

Closing

Jan 27, 2026

AI

The retail asset located at 500 Jersey Avenue in Jersey City features a square footage of 2,000 and is listed with an asking rent of $80 per square foot. This property falls under the retail asset category and serves as a key space in a competitive market.

Summary of transaction details:

  • Property Type: Retail
  • Transaction Amount: $80/ft
  • Square Footage: 2,000
  • Address: 500 Jersey Avenue
  • Market: Jersey City
  • Landlord: Maxine Mandel
  • Tenant: Dong Bei
  • Brokers: Benjamin Namdar & David Green - KSR
  • Lease Type: Retail Lease

Maxine Mandel acts as the landlord in this lease transaction, while Dong Bei is the tenant securing the space. The deal is facilitated by brokers Benjamin Namdar and David Green, who represent the interests of the parties involved through KSR.

Players

David Green

Kassin Sabbagh Realty

Broker

$447M

vol

176 deals

Broker
Kassin Sabbagh Realty
Kassin Sabbagh RealtyBrokerage

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

198287.50%

Cash-on-Cash

-56671.18%

Monthly Payment

$14,164

Annual Debt Svc

$169,964

Annual Cash Flow

$-11,334

DSCR

0.93