Joan Cenicola Of NAI James E. Hanson Represents Seller In Jersey City Property Sale
356 Central Ave, Jersey City, NJ, 07307
Building Size
3,401 SF
Asset Type
Retail
Closing
Nov 20, 2023
AI
A 3,401-square-foot retail building has been sold in Jersey City. The two-story property is located at 356 Central Ave. in the Central Avenue neighborhood, contributing to the local retail market.
Summary of transaction details:
- Property Type: Retail
- Transaction Amount: Undisclosed
- Address: 356 Central Ave, Jersey City, NJ, 07307
- Market: Jersey City
- Seller's Representative: Joan Cenicola - NAI, James E. Hanson
- Seller: Wells Fargo
- Buyer: Unknown
- Square Footage: 3,401
Joan Cenicola and John Schilp were instrumental in representing the seller, Wells Fargo, during the transaction process, emphasizing their role in the successful deal within the local real estate market.
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
5.80%
Cash-on-Cash
-1.66%
Monthly Payment
$14,164
Annual Debt Svc
$169,964
Annual Cash Flow
$-11,334
DSCR
0.93