Updated Aug 31, 2026
Bernard Itzkowitz & Izzy Blau Of Sunhill Realty Close $2.2M Multifamily Sale In Elizabeth
120 Madison Avenue
$2,200,000
Units
16
Asset Type
MultiFamily
Closing
Aug 10, 2026
About this deal
AI
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.
On the Map
$2,200,000
MultiFamily
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Players
Elizabeth 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
7.21%
Cash-on-Cash
-2.06%
Monthly Payment
$14,164
Annual Debt Svc
$169,964
Annual Cash Flow
$-11,334
DSCR
0.93