Updated Jan 6, 2026
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
Hackensack 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
5.18%
Cash-on-Cash
-1.48%
Monthly Payment
$14,164
Annual Debt Svc
$169,964
Annual Cash Flow
$-11,334
DSCR
0.93