Ritu Sharma Acquires Retail Asset At 338 Newark Avenue Jersey City For $1.9M
SOLD
$1,900,000
New Jersey
See Similar DealsRetail3,200 SF
Sold 06/03/2025
SOLD
Ritu Sharma Acquires Retail Asset At 338 Newark Avenue Jersey City For $1.9M
338 Newark Avenue
See Similar DealsRetail3,200 SF
Sold 06/03/2025
Summary
NEW JERSEY
Asset Type:Retail
Price Per Square Foot:$593
Total Square Footage:3,200 SF
Transaction Type:Sale
The retail property located at 338 Newark Avenue in Jersey City has been sold for $1,900,000. The asset encompasses a total square footage of 3,200 with a price per square foot of $593.
Summary of transaction details:
- Property Type: Retail
- Transaction Amount: $1,900,000
- Buyer: Ritu Sharma
- Seller: Robert Antonicello Jr.
- Broker: Robert (Bobby) Antonicello Jr. - Grid Real Estate
Robert Antonicello Jr. represented the seller in this transaction, facilitating the sale to Ritu Sharma, who is the buyer of the property.
Players
BROKERAGE
Details
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Deal Type
30 years
10 years
Operating Income
Operating Expenses (Annual)
Net Operating Income (NOI)
$101,333.33
Debt Service Coverage Ratio (DSCR)
0.94x
Cap Rate
5.33%
Cash Flow (Annual)-$6,750.31
Cash-on-Cash Return-1.27%
Monthly Debt Service$9,006.97
Annual Debt Service$108,083.63
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