268 and 270 Main St. in Hackensack — Courtesy: NAI James E. Hanson
By Joshua Burd
A private investor has acquired two mixed-use buildings in downtown Hackensack for a combined $1.8 million, in a newly announced deal by NAI James E. Hanson.
Brokers with the firm represented the seller, Olympic Properties Inc., noting that the fully leased structures at 268 and 270 Main St. total 9,284 square feet and comprise eight rent-controlled apartments and two ground-floor retail units. The retail space at 270 Main St. is leased to El Turco Grill, a Turkish restaurant, while 268 Main St. is home to Camejo & Associates, an accounting and bookkeeping firm.
NAI Hanson’s Jonathan Kristofich and William S. Pulzello spearheaded the listing, touting the portfolio’s location near the Johnson Public Library and a series of new luxury apartment buildings. Signature Realty NJ’s Cary Diec and Eliane Longhi represented the buyer.
“Downtown Hackensack’s ongoing revitalization makes it an attractive market for investors seeking strategically located, income-producing properties in northern New Jersey,” Kristofich said. “We are proud to help our client identify an all-cash buyer and structure a non-contingent contract to provide surety of closing in a challenging marketplace. We congratulate the new ownership on their acquisition.”
