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
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
323734.69%
Cash-on-Cash
-92524.37%
Monthly Payment
$14,164
Annual Debt Svc
$169,964
Annual Cash Flow
$-11,334
DSCR
0.93