Updated Jul 23, 2025
Ritu Sharma Acquires Retail Asset At 338 Newark Avenue Jersey City For $1.9M
338 Newark Avenue
$1,900,000
$593/SF
Building Size
3,200 SF
Asset Type
Retail
Closing
Jun 2, 2025
About this deal
AI
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
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
8.35%
Cash-on-Cash
-2.39%
Monthly Payment
$14,164
Annual Debt Svc
$169,964
Annual Cash Flow
$-11,334
DSCR
0.93