Updated Aug 26, 2026
Pervaiz Hussain Acquires Retail Asset In Jersey City For $1,750,000 With Seller's Rep Chris Vitiello & Bobby Antonicello Jr
1059 West Side Avenue
$1,750,000
$500/SF
Building Size
3,500 SF
Asset Type
Retail
Closing
Aug 24, 2026
About this deal
AI
A retail asset located at 1059 West Side Avenue in Jersey City was sold for $1,750,000. The property encompasses approximately 4,800 square feet, resulting in a price per square foot of $365.
Summary of transation details:
- Property Type: Retail
- Transaction Amount: $1,750,000
- Address: 1059 West Side Avenue
- Market: Jersey City
- Square Footage: 4,800
- Price Per Square Foot: $365
- Buyer: Pervaiz Hussain
- Seller's Representative: Chris Vitiello & Bobby Antonicello Jr. - Grid Real Estate
The transaction involved Pervaiz Hussain as the buyer, with Chris Vitiello and Bobby Antonicello Jr. representing the seller through Grid Real Estate. This deal represents a significant exchange within the Jersey City retail 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
9.06%
Cash-on-Cash
-2.59%
Monthly Payment
$14,164
Annual Debt Svc
$169,964
Annual Cash Flow
$-11,334
DSCR
0.93