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

Property Image
SOLD
$900,000

New Jersey

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MultiFamily5,634 SF
Sold 08/07/2025
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Property Image
SOLD

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

81 Bostwick Avenue

See Similar Deals
MultiFamily5,634 SF
Sold 08/07/2025
Contact now

Summary

NEW JERSEY
Asset Type:MultiFamily
Price Per Square Foot:$159
Total Square Footage:5,634 SF
Transaction Type:Sale

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
36 deals$150.8M volume(718) 360-5059
BROKER

Jack Drillock
Investment Property Realty Group (IPRG)
19 deals$99.2M volume(718) 360-5432
BROKER

Investment Property Realty Group (IPRG)
BROKERAGE

Details

SOLD
IMAGE: Yanni Marmarou & Jack Drillock DATE: 08/07/2025 ADDRESS: 81 Bostwick Avenue MARKET: Jersey City ASSET TYPE: Multifamily SELLER: Elizabeth Williams BROKERS: Yanni Marmarou (@ThatBrokerYanni) & Jack Drillock (@JDrills21) - Investment Property Realty Group (IPRG) (@IPRG_NY) (@IPRG.NJ) SALE PRICE: $900,000 UNITS: 6 ~ PPU: $150,000 SF: 5,634 ~ PPSF: $159

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Deal Type
Operating Income
Operating Expenses (Annual)
Net Operating Income (NOI)

$48,000.00

Debt Service Coverage Ratio (DSCR)

0.94x

Cap Rate

5.33%

Cash Flow (Annual)-$3,197.51
Cash-on-Cash Return-1.27%
Monthly Debt Service$4,266.46
Annual Debt Service$51,197.51