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81 Bostwick Avenue

Elizabeth Williams Sells Multifamily Property At 81 Bostwick Avenue Jersey City For $900,000
SOLDMultiFamily

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

Yanni Marmarou

Investment Property Realty Group (IPRG)

Broker

$150.8M

vol

36 deals

Broker
Investment Property Realty Group (IPRG)
Investment Property Realty Group (IPRG)Brokerage

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