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Vito Del Forno Sells Multifamily Property In Jersey City For $1.08M

Property Image
SOLD
$1,077,500
Michael Barnhart
Vito Del Forno

New Jersey

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MultiFamily
Sold
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Property Image
SOLD

Vito Del Forno Sells Multifamily Property In Jersey City For $1.08M

285 Palisade Avenue, Jersey City, New Jersey 07307, United States

See Similar Deals
MultiFamily
Sold
Michael Barnhart
Vito Del Forno
the dealplayerscompscontact
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Summary

NEW JERSEY
Asset Type:MultiFamily
Transaction Type:Sale

A multifamily property located at 285 Palisade Ave in Jersey City has been sold. The sale was facilitated by Michael Barnhart from eXp Realty LLC, representing the buyer, and Vito Del Forno from Del Forno Real Estate LLC, representing the seller. The transaction took place on 04/14/2022.

Summary of transaction details:

  • Property Type: Multifamily
  • Sale Price: $1,077,500
  • Address: 285 Palisade Ave
  • Market: Jersey City

This transaction involved a multifamily property in Jersey City. The property, located at 285 Palisade Ave, was sold for a price of $1,077,500. Michael Barnhart from eXp Realty LLC represented the buyer, while Vito Del Forno from Del Forno Real Estate LLC represented the seller. The sale took place on 04/14/2022.

Players

Vito Del Forno
Vito Del Forno
3 deals$4.8M volume
BROKER
Michael Barnhart
EXP Realty
Michael Barnhart
1 deal$1.1M volume
BROKER

Details

SOLD
IMAGE: Vito Del Forno DATE: 04/14/2022 ADDRESS: 285 Paliside Ave MARKET: Jersey City ASSET TYPE: Multifamily BUYER'S REP: Michael Barnhart - eXp Realty LLC (@ExpRealty_) SELLER'S REP: Vito Del Forno (@VitoDelForno) - Del Forno Real Estate LLC (@DelFornoRealEstate) SALE PRICE: $1,077,500

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Net Operating Income (NOI)

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Debt Service Coverage Ratio (DSCR)

0.94x

Cap Rate

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Cash Flow (Annual)-$3,828.13
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