Neil Santillan Sells Jersey City Multifamily At 386 Palisade Avenue For $1.18M

The property asset involved in this transaction is a multifamily building located at 386 Palisade Avenue in Jersey City. The sale price for the property was $1,180,000, consisting of 7 units, with a price per unit of $168,571. The total square footage of the building is 5,500, resulting in a price per square foot of $214.

Summary of transation details:

• Property Type: Multifamily
• Transaction Amount: $1,180,000
• Units: 7
• Price Per Unit: $168,571
• Square Footage: 5,500
• Price Per Square Foot: $214
• Seller: Neil Santillan
• Brokers: Costandinos Romeo - EXP Realty; Alexander Calle - Serhant

This transaction involved key individuals such as Neil Santillan as the seller and brokers Costandinos Romeo from EXP Realty and Alexander Calle from Serhant representing the deal. Their roles in facilitating the sale highlight the collaborative efforts required to finalize the transaction in the competitive market of Jersey City.