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

Property Image
SOLD
$1,225,000

New Jersey

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MultiFamily
Sold 01/19/2024
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Property Image
SOLD

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

MultiFamily
Sold 01/19/2024
Contact now

Summary

Asset Type:MultiFamily
Transaction Type:Sale

Players

Jesse Toledano
2 deals$2.3M volume
BROKER

Details

SOLD
IMAGE: Jesse Toledano DATE: 01/19/2024 ADDRESS: 515 Palisade Avenue MARKET: Jersey City ASSET TYPE: MultiFamily BUYER'S REP: Alex Castillo - NJ Preminent Properties SELLER'S REP: Jesse Toledano - Modern Spaces (@ModernSpaces) SALE PRICE: $1,225,000 NOTE: 515 Palisade Ave in Jersey City, a multifamily property, sold for $1,225,000 with Alex Castillo of NJ Preminent Properties representing the buyer and Jesse Toledano of Modern Spaces representing the seller.

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Deal Type
Operating Income
Operating Expenses (Annual)
Net Operating Income (NOI)

$65,333.33

Debt Service Coverage Ratio (DSCR)

0.94x

Cap Rate

5.33%

Cash Flow (Annual)-$4,352.17
Cash-on-Cash Return-1.27%
Monthly Debt Service$5,807.12
Annual Debt Service$69,685.50