Mila Cohen Purchases Retail Space At 387 8th Street Jersey City From Alessandro Bonati For $3.5M
387 8th Street
$3,500,000
$512/SF
Building Size
6,829 SF
Asset Type
Retail
Closing
Jul 2, 2026
AI
The property involved in the transaction is a retail asset located at 387 8th Street in Jersey City. The sale price for the property was $3,500,000, and it encompasses a total square footage of 6,829. The price per square foot is calculated at $512.
Summary of transaction details:
- Property Type: Retail
- Transaction Amount: $3,500,000
- Address: 387 8th Street
- Market: Jersey City
- Square Footage: 6,829
- Price per Square Foot: $512
- Buyer: Mila Cohen
- Seller: Alessandro Bonati
- Broker: Bobby Antonicello Jr., CCIM - Grid Real Estate
The key individuals involved in this transaction include Mila Cohen as the buyer and Alessandro Bonati as the seller. Bobby Antonicello Jr., CCIM from Grid Real Estate represented the broker in this deal, facilitating the transaction between both parties.
Jersey City Retail Market Snapshot
Boundary boundary · Retail · Sale transactions
Loading comparables…
Purchase Price
Annual NOI
Loan Amount
Interest Rate (%)
Loan Term (yrs)
Down Payment (%)
Cap Rate
4.53%
Cash-on-Cash
-1.30%
Monthly Payment
$14,164
Annual Debt Svc
$169,964
Annual Cash Flow
$-11,334
DSCR
0.93