Mike Nestico Sells Multifamily Asset In Jersey City For $5.7 Million With IPRG Brokers

A multifamily asset located at 76 Palisade Avenue in Jersey City was sold for $5,700,000. The property comprises 15 units with a total square footage of 25,000, resulting in a price per unit of $380,000 and a price per square foot of $228.

Summary of transaction details:

• Property Type: Multifamily
• Transaction Amount: $5,700,000
• Units: 15
• Square Footage: 25,000
• Price Per Unit: $380,000
• Price Per Square Foot: $228
• Seller: Mike Nestico
• Broker Representatives: Yanni Marmarou, Jack Drillock & Andrea Nestico - Investment Property Realty Group (IPRG)

The selling process was facilitated by Yanni Marmarou, Jack Drillock, and Andrea Nestico, who represented the seller, Mike Nestico. Their involvement showcases the collaborative efforts of the Investment Property Realty Group in conducting the transaction.