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855 Bergen Ave

Jersey Pizza Shop LLC Leases Retail Space At 855 Bergen Ave Jersey City For $49.66/SF
LEASEDRetail

Jersey Pizza Shop LLC Leases Retail Space At 855 Bergen Ave Jersey City For $49.66/SF

855 Bergen Ave

$49

$49/SF

Building Size

1,450 SF

Asset Type

Retail

Closing

Oct 31, 2024

AI

The property involved in this transaction is a retail space located at 855 Bergen Ave in Jersey City. The lease agreement specifies a rent of $49.66 per square foot for a total area of 1,450 square feet.

Summary of transation details:

  • Property Type: Retail
  • Transaction Amount: N/A
  • Address: 855 Bergen Ave
  • Market: Jersey City
  • Landlord: 855 Bergen LLC
  • Tenant: Jersey Pizza Shop LLC
  • Brokers: Chris Vitiello - Grid Real Estate
  • Lease Date: 10/31/2024

This transaction involves the lease of the retail space, with Chris Vitiello representing Grid Real Estate in the deal. The landlord, 855 Bergen LLC, and the tenant, Jersey Pizza Shop LLC, are the key parties involved in this agreement.

Players

Chris Vitiello

Grid Real Estate

Broker

$12.3M

vol

11 deals

Broker
8L
855 Bergen LLCLandlord
JL
Jersey Pizza Shop LLCTenant

Jersey City Retail Market Snapshot

Boundary boundary · Retail · Lease transactions

Loading comparables…

Purchase Price

Annual NOI

Loan Amount

Interest Rate (%)

Loan Term (yrs)

Down Payment (%)

Cap Rate

323734.69%

Cash-on-Cash

-92524.37%

Monthly Payment

$14,164

Annual Debt Svc

$169,964

Annual Cash Flow

$-11,334

DSCR

0.93