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216 Palisade Ave
Jersey City, NJ 07306
Asking Price
$4.00M
Asset Type
Apartment Building Multifamily
Class
Class B
What's Special
Multifamily | 51 Units <ul><li>Fully Approved 10-Story, 51-Unit Age-restricted (62+) Multifamily Development Site In The Heights Section Of Jersey City, Hudson County, New Jersey</li><li>Rare Shovel-ready Development Opportunity in One of the Most Supply-Constrained and Institutionally Favored Multifamily Markets in the Northeast</li><li>Prime Palisade Avenue Location – Within Jersey City's Medical District - With Immediate Access to Hoboken, Downtown Jersey City, Hoboken Path, Newport Retail Corridor, And Direct M
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NOI
$80,000
Cap Rate
2.00%
DSCR
0.34
Underwater
Cash-on-Cash
-13.12%
Monthly Payment
$19,789.818
Annual Cash Flow
$-157,477.81
