Michael Wilson Sells Package Deal In Jersey City Heights For $2.47M
SOLD
$2,468,375
New Jersey
See Similar DealsRetail10,500 SF
Sold 08/31/2021
SOLD
Michael Wilson Sells Package Deal In Jersey City Heights For $2.47M
234 Ogden Ave, The Heights, Jersey City, NJ, USA
See Similar DealsRetail10,500 SF
Sold 08/31/2021
Summary
NEW JERSEY
Asset Type:Retail
Price Per Square Foot:$235
Total Square Footage:10,500 SF
Transaction Type:Sale
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.
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Deal Type
30 years
10 years
Operating Income
Operating Expenses (Annual)
Net Operating Income (NOI)
$131,646.67
Debt Service Coverage Ratio (DSCR)
0.94x
Cap Rate
5.33%
Cash Flow (Annual)-$8,769.61
Cash-on-Cash Return-1.27%
Monthly Debt Service$11,701.36
Annual Debt Service$140,416.28
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