Elizabeth Williams Sells Multifamily Property At 81 Bostwick Avenue Jersey City For $900,000
81 Bostwick Avenue
$900,000
$159/SF
Building Size
5,634 SF
Asset Type
MultiFamily
Closing
Aug 6, 2025
AI
The property asset involved in the transaction is a multifamily building located at 81 Bostwick Avenue in Jersey City. The asset, which consists of 6 units, was sold for a price of $900,000. The total square footage of the property is 5,634, resulting in a price per unit of $150,000 and a price per square foot of $159.
Summary of transaction details:
- Property Type: Multifamily
- Transaction Amount: $900,000
- Units: 6
- Square Footage: 5,634
- Price Per Unit: $150,000
- Price Per Square Foot: $159
- Seller: Elizabeth Williams
- Brokers: Yanni Marmarou & Jack Drillock - Investment Property Realty Group (IPRG)
The key individuals involved in this deal include Elizabeth Williams, the seller of the property, and the brokerage team of Yanni Marmarou and Jack Drillock, who represented the transaction through Investment Property Realty Group (IPRG). Their expertise facilitated the successful closing of this transaction in a competitive market.
Players
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
17.63%
Cash-on-Cash
-5.04%
Monthly Payment
$14,164
Annual Debt Svc
$169,964
Annual Cash Flow
$-11,334
DSCR
0.93