628 Palisade Avenue

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628 Palisade Avenue

Jersey City, NJ 07307
Asking Price
$1.57M
Asset Type
Single Family Rental Portfolio Multifamily
Class
Class B

What's Special

3 Family Building | Condo Conversion Opportunity | Prime Location in the Heights <ul><li>​3-Family Building</li><li>​100% Vacant</li><li>​Lot Size: 25 X 109</li><li>​8 Bedrooms, 3 Full Baths and 2 Half Baths</li><li>​Unit 2 has a Deck</li><li>​Ground Floor has Access to the Backyard</li><li>​1-Car Garage + Driveway Spot</li><li>​Washer/Dryer in All Units</li><li>​Roof Recoated in Spring 2025</li><li>​Units redone in Last 10 years</li><li>​Hot Water Heaters Replaced Recently</li><li>​Tenants Pay for all Utilities Except for Water/Sewer</li><li>​Situated in Jersey City Heights

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NOI
$80,000
Cap Rate
5.08%
DSCR
0.86
Underwater
Cash-on-Cash
-2.86%
Monthly Payment
$7,792.241
Annual Cash Flow
$-13,506.888

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