4-Bedroom Apartment with
23 Bostwick Ave # 2, Jersey City, NJ 07305
For Sale
New
Contact for pricing
An updated kitchen, laundry connections, and an included security system add practical features to the second-floor residence.
Property Size1,220 SF
Price / SF$2.62
Days on Market2
Property Features for 23 Bostwick Ave # 2
General Information
Standard status
Size
Property subtype
Units
Unit Mix
Multifamily Units
Additional Details
Public Transit
Amenities
updated kitchen
stainless steel appliances
large private outdoor deck
washer/dryer hookups
security system
Laminate
Electric,Gas-Natural
Second
4 Or More Bedrooms,Living Room
4
Hookup Available
Ground
4th Bedroom
City/Town Street
Public Water
25X100
0.06
Deck
Building Details
Year Built
Listing Agency:
IDENTITY PROPERTIES
(551) 239-8040
Listed By:
Andrea Lew
Source:
Skyrealtyintl
Added: Nov 8
Last Checked: Nov 9 at 8:03AM
Displayed information is deemed reliable but is not guaranteed and should be independently verified. All listing content including descriptions, pricing, images are the copyrighted material of IDENTITY PROPERTIES
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Investment Insights
Based on property information with market context.
This second-floor apartment provides 1,220 square feet with four bedrooms and one bathroom. The kitchen has been updated with stainless steel appliances and ample cabinets, while laminate flooring is used in the unit. A private deck extends the living space outdoors. Laundry hookups and a security system are included, and maintenance is included as well.
The property is at 23 Bostwick Ave in Jersey City, near shopping, dining, schools, public transportation, and major roads. Public water serves the property.
The property is at 23 Bostwick Ave in Jersey City, near shopping, dining, schools, public transportation, and major roads. Public water serves the property.
Key Highlights
- 1,220‑square‑foot apartment with four bedrooms and one bathroom
- Private outdoor deck
- Updated kitchen with stainless steel appliances and ample cabinetry
Financial Insights
Estimated NOI and Cap Rate
NOI / Yr
$24,836
Suggested Prices Based on Cap Rates
Cap Rate 5%
$496,720
$496.7K
Cap Rate 7%
$354,800
$354.8K
Cap Rate 9%
$275,956
$276.0K
Market Conditions
NOI Build-Up for 1,220 SF
Gross rent
$47.4K $38.88/SF
− Vacancy
−$2.3K −$1.87/SF
EGI
$45.2K $37.01/SF
− OpEx
−$20.3K −$16.66/SF
NOI
$24.8K $20.36/SF
Area
Jersey City, NJ
Vacancy
4.80%
Lease Rate
$38.88 /SF/Yr
Expense Ratio
45.00%
Simulate Cap Rate and NOI
Suggested Prices Based on Cap Rates
Cap Rate 5%
$496,720
Cap Rate 7%
$354,800
Cap Rate 9%
$275,956
Alternative Uses
Best Use
Apartment 5plus
$354.8K
$310.5K – $413.9K
NOI $24,836 @ 7.0% cap
Second Best
—
—
no second resolved use
Theoretical Best
Multifamily LT 5
$395.5K
$346.1K – $461.5K
NOI $27,688 @ 7.0% cap
Zoning and permitted uses should be independently verified with authorities.
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Property Analytics
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Open Analytics
Lease Details
1
Residential units
Location Intelligence
Trade Area within ½ mile
1,777
Businesses Nearby
Explore this area
Business Placement
Demographics for 07305, NJ
67,947
Population
28,297
Households
2.4
Avg Household Size
36
Median Age
35%
College-Educated
88%
High-School Grad
5.7 sq mi
ZIP Area
11,921
Density / Sq Mi
$77,126
Median Household Income
$47,822
Median Earnings
$1,610
Median Rent
$418,200
Median Home Value
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Market
Properties on Market for Multifamily properties in Jersey City
Vacancy Rate% for Multifamily in Northeast region
Frequently Asked Questions
What type of property is this?
Multifamily property - An updated kitchen, laundry connections, and an included security system add practical features to the second-floor residence.
Where is this multifamily property located?
The property is located at 23 Bostwick Ave # 2 Jersey City, NJ.
What are key features of this property?
This property features: 1,220‑square‑foot apartment with four bedrooms and one bathroom; Private outdoor deck; Updated kitchen with stainless steel appliances and ample cabinetry
