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515 Palisade Avenue

Multifamily Property In Jersey City Sold For $1.225M With Buyer's Rep Alex Castillo & Seller's Rep Jesse Toledano
SOLDMultiFamily

Multifamily Property In Jersey City Sold For $1.225M With Buyer's Rep Alex Castillo & Seller's Rep Jesse Toledano

$1,225,000

Building Size

Asset Type

MultiFamily

Closing

Jan 19, 2024

AI

No summary available.

Players

Jesse Toledano

Modern Spaces

Broker

$2.3M

vol

2 deals

Broker

Market 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

12.95%

Cash-on-Cash

-3.70%

Monthly Payment

$14,164

Annual Debt Svc

$169,964

Annual Cash Flow

$-11,334

DSCR

0.93