Bernard Itzkowitz & Izzy Blau Of Sunhill Realty Close $2.2M Multifamily Sale In Elizabeth

A multifamily property located at 120 Madison Avenue in Elizabeth, New Jersey, has been sold for $2,200,000. This asset consists of 16 units, resulting in a price per unit of $137,500. The transaction took place in a robust market characterized by consistent investor interest and strong rental demand.

Summary of transaction details:

• Property Type: Multifamily
• Transaction Amount: $2,200,000
• Units: 16
• Price Per Unit: $137,500
• Address: 120 Madison Avenue
• Market: Elizabeth
• Broker Representation: Bernard Itzkowitz & Izzy Blau - Sunhill Realty

Bernard Itzkowitz and Izzy Blau of Sunhill Realty were involved in representing both the buyer and seller in this off-market deal, which successfully closed within 90 days. The continued strength of the Downtown Elizabeth multifamily market reflects the ongoing opportunity for investments in this area.