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373 Palisade Avenue

Jersey City Multifamily Property Sold For $1.4M With Coldwell Banker & Real
SOLDMultiFamily

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

Jill Biggs

Coldwell Banker

Broker

$51.2M

vol

29 deals

Broker

Jersey City MultiFamily Market Snapshot

Boundary boundary · MultiFamily · Sale transactions

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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