Updated Sep 9, 2024
Michael Wilson Sells Package Deal In Jersey City Heights For $2.47M
234 Ogden Ave, The Heights, Jersey City, NJ, USA
$2,468,375
$235/SF
Building Size
10,500 SF
Asset Type
Retail
Closing
Aug 31, 2021
About this deal
AI
A package deal consisting of 234 Ogden Ave, 236 Ogden Ave, and 119 MountainView Rd in Jersey City Heights has been sold for a total of $2,468,375. The properties span a total of 10,500 square feet, resulting in a price per square foot of $235. The seller of the package deal was Michael Wilson, and the transaction was facilitated by broker Allen Walton.
Summary of transaction details:
- Property Type: Package Deal
- Transaction Amount: $2,468,375
- Address: 234 Ogden Ave, 236 Ogden Ave, 119 MountainView Rd
- Market: Jersey City Heights
Allen Walton, representing the seller, played a crucial role in finalizing the deal. For more off-market deals like this one, interested parties can reach out to @AllenMWalton.
On the Map
$2,468,375
$235/SF
Retail
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Jersey City Retail Market Snapshot
Boundary boundary · Retail · Sale transactions
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Purchase Price
Annual NOI
Loan Amount
Interest Rate (%)
Loan Term (yrs)
Down Payment (%)
Cap Rate
6.43%
Cash-on-Cash
-1.84%
Monthly Payment
$14,164
Annual Debt Svc
$169,964
Annual Cash Flow
$-11,334
DSCR
0.93