Updated Dec 20, 2023
Vito Del Forno Sells Multifamily Property In Jersey City For $1.08M
285 Palisade Avenue, Jersey City, New Jersey 07307, United States
$1,077,500
Building Size
—
Asset Type
MultiFamily
Closing
Apr 13, 2022
About this deal
AI
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.
On the Map
$1,077,500
MultiFamily
View full map
Players
Jersey City MultiFamily Market Snapshot
Boundary boundary · MultiFamily · Sale transactions
Loading comparables…
Deal FAQ
Browse New Jersey multifamily sales on Traded.
Purchase Price
Annual NOI
Loan Amount
Interest Rate (%)
Loan Term (yrs)
Down Payment (%)
Cap Rate
14.72%
Cash-on-Cash
-4.21%
Monthly Payment
$14,164
Annual Debt Svc
$169,964
Annual Cash Flow
$-11,334
DSCR
0.93