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341 Essex Street

Updated Jan 6, 2026

Retail Property Sold In Hackensack For $3.06M With Buyer's Rep Jorge Aviles And Seller's Rep Michelle Han
SOLDRetail

Retail Property Sold In Hackensack For $3.06M With Buyer's Rep Jorge Aviles And Seller's Rep Michelle Han

341 Essex Street

$3,060,000

$765/SF

Building Size

4,000 SF

Asset Type

Retail

Closing

Dec 17, 2025

About this deal

AI

The property asset involved in this transaction is a retail space located at 341 Essex Street in Hackensack. The sale price for this asset was $3,060,000, with a total square footage of 4,000, resulting in a price per square foot of $765.

Summary of transaction details:

  • Property Type: Retail
  • Transaction Amount: $3,060,000
  • Address: 341 Essex Street
  • Market: Hackensack
  • Square Footage: 4,000
  • Price per Square Foot: $765
  • Buyer's Representative: Jorge Aviles - Prominent Properties Sotheby's International Realty
  • Seller's Representative: Michelle Han - Sotheby's International Realty

This transaction involved significant representation, with Jorge Aviles acting on behalf of the buyer and Michelle Han representing the seller in the deal. Both representatives are associated with Sotheby's International Realty, emphasizing their involvement in this property exchange.

Players

Jorge Aviles

Sotheby's International Realty

Broker

$5.3M

vol

2 deals

Broker

Hackensack Retail Market Snapshot

Boundary boundary · Retail · Sale transactions

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Deal FAQ

About $765 per square foot on a published $3.1M for 4,000 square feet (2025).

Visit Jorge Aviles to view all their deals.

Browse Hackensack retail sales on Traded.

Purchase Price

Annual NOI

Loan Amount

Interest Rate (%)

Loan Term (yrs)

Down Payment (%)

Cap Rate

5.18%

Cash-on-Cash

-1.48%

Monthly Payment

$14,164

Annual Debt Svc

$169,964

Annual Cash Flow

$-11,334

DSCR

0.93

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