Jersey City Multifamily Property Sold For $1.4M With Coldwell Banker & Real
373 Palisade Avenue
$1,400,000
Building Size
—
Asset Type
MultiFamily
Closing
Mar 28, 2024
AI
Jersey City's multifamily property at 373 Palisade Avenue was sold for $1.4 million. The transaction was facilitated by Jill Biggs from Coldwell Banker representing the buyer and Jonathan Greene from Real representing the seller.
Summary of transation details:
- Property Type: Multifamily
- Transaction Amount: $1,400,000
- Address: 373 Palisade Avenue
- Market: Jersey City
The deal brought together key industry professionals, with Jill Biggs of Coldwell Banker serving as the buyer's representative and Jonathan Greene of Real serving as the seller's representative. This successful transaction highlights the collaborative efforts of these two brokers in the Jersey City real estate market.
Players
Jersey City MultiFamily Market Snapshot
Boundary boundary · MultiFamily · Sale transactions
Loading comparables…
Purchase Price
Annual NOI
Loan Amount
Interest Rate (%)
Loan Term (yrs)
Down Payment (%)
Cap Rate
11.33%
Cash-on-Cash
-3.24%
Monthly Payment
$14,164
Annual Debt Svc
$169,964
Annual Cash Flow
$-11,334
DSCR
0.93