Chris Meskouritis And Jimmy Mesouritis Buy Retail Property In Hasbrouck Heights For $1.225M
461 New Jersey Highway 17
$1,225,000
$532/SF
Building Size
2,300 SF
Asset Type
Retail
Closing
Dec 5, 2025
AI
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.
Players
Carlstadt 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
12.95%
Cash-on-Cash
-3.70%
Monthly Payment
$14,164
Annual Debt Svc
$169,964
Annual Cash Flow
$-11,334
DSCR
0.93