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619 Palisade Avenue

619 Palisade Avenue In Jersey City Multifamily Asset Sold For $1.45M With Seller's Rep Jill Biggs & Broker Jason Pascale
SOLDMultiFamily

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

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

10.94%

Cash-on-Cash

-3.13%

Monthly Payment

$14,164

Annual Debt Svc

$169,964

Annual Cash Flow

$-11,334

DSCR

0.93