619 Palisade Avenue In Jersey City Multifamily Asset Sold For $1.45M With Seller's Rep Jill Biggs & Broker Jason Pascale
619 Palisade Avenue
$1,450,000
Building Size
—
Asset Type
MultiFamily
Closing
Nov 8, 2023
AI
The property at 619 Palisade Avenue in Jersey City, classified as a multifamily asset, was sold for $1,450,000. The transaction took place on 11/08/2023. The property is located in the Jersey City market.
Summary of transation details
- Property Type: Multifamily
- Transaction Amount: $1,450,000
- Address: 619 Palisade Avenue, Jersey City
- Market: Jersey City
The seller of the property was represented by Jill Biggs of Coldwell Banker, while the broker for the transaction was Jason Pascale from Smart Choice Realty.
Note: Jill Biggs of Coldwell Banker represented the seller, and the transaction was brokered by Jason Pascale.
Players
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
10.94%
Cash-on-Cash
-3.13%
Monthly Payment
$14,164
Annual Debt Svc
$169,964
Annual Cash Flow
$-11,334
DSCR
0.93