Updated Aug 13, 2025
Jim Petrucci Of J.G. Petrucci Co. Acquires School Building In North Bergen For Off-Market Deal
4511 Liberty Avenue
Building Size
34,000 SF
Asset Type
School
Closing
Aug 4, 2025
About this deal
AI
A 34,000-sf school building located at 4511 Liberty Avenue in North Bergen has been sold. This property is currently leased to North Hudson Academy, a First Children school that serves students with disabilities.
Summary of transaction details:
- Property Type: School
- Transaction Amount: Not specified
- Address: 4511 Liberty Avenue
- Market: North Bergen
- Buyer: Jim Petrucci, Peter Polt, Joe Petrucci & Joe Correia - J.G. Petrucci Company, Inc.
J.G. Petrucci Company, Inc. has completed this off-market transaction, marking its second deal with First Children. This acquisition is part of the company’s strategy to expand into education-focused real estate.
Players
North Bergen School Market Snapshot
Boundary boundary · School · Sale transactions
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Deal FAQ
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