Chris Meskouritis And Jimmy Mesouritis Buy Retail Property In Hasbrouck Heights For $1.225M
SOLD
$1,225,000
New Jersey
See Similar DealsRetail2,300 SF
Sold 12/05/2025
SOLD
Chris Meskouritis And Jimmy Mesouritis Buy Retail Property In Hasbrouck Heights For $1.225M
461 New Jersey Highway 17
See Similar DealsRetail2,300 SF
Sold 12/05/2025
Summary
NEW JERSEY
Asset Type:Retail
Price Per Square Foot:$532
Total Square Footage:2,300 SF
Transaction Type:Sale
The property asset involved in the transaction is a retail space located at 461 New Jersey Highway 17 in Hasbrouck Heights. The sale price was $1,225,000, encompassing a total square footage of 2,300, resulting in a price per square foot of $532.
Summary of transaction details:
- Property Type: Retail
- Transaction Amount: $1,225,000
- Square Footage: 2,300
- Price per Square Foot: $532
- Buyer: Chris Meskouritis & Jimmy Mesouritis
- Seller: Yanni Diakakis
- Brokers: Yanni Marmarou & Nick Rogers - Investment Property Realty Group (IPRG)
The transaction involved key individuals such as buyers Chris Meskouritis and Jimmy Mesouritis alongside seller Yanni Diakakis. The brokerage team representing the deal included Yanni Marmarou and Nick Rogers from Investment Property Realty Group (IPRG), playing a vital role in facilitating the transaction.
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Deal Type
30 years
10 years
Operating Income
Operating Expenses (Annual)
Net Operating Income (NOI)
$65,333.33
Debt Service Coverage Ratio (DSCR)
0.94x
Cap Rate
5.33%
Cash Flow (Annual)-$4,352.17
Cash-on-Cash Return-1.27%
Monthly Debt Service$5,807.12
Annual Debt Service$69,685.50
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