81 Bostwick Ave

The property is situated in the West Bergen / Greenville neighborhood of Jersey City, a residential area undergoing steady revitalization with increasing interest from homebuyers and investors. The neighborhood features a mix of single-family homes, multifamily residences, and newly developed housing options, making it attractive for both owner-occupants and rental property investors. A key advantage of this location is its proximity to the MLK Drive Hudson-Bergen Light Rail Station, which is within walking distance and provides a direct connection to other parts of Jersey City, Hoboken, and Bayonne. This transit access enhances commuting options for residents, particularly those working in Downtown Jersey City or New York City. The area also benefits from local commercial corridors with small businesses, grocery stores, and dining options, as well as easy access to Lincoln Park, one of the largest green spaces in Jersey City. With ongoing infrastructure improvements and community investment, Greenville continues to present strong potential for long-term property appreciation.The property located at 81 Bostwick Avenue in Jersey City, NJ consists of a ~3,441 square-foot lot improved with a three-story, ~5,634 square-foot multifamily building. The subject property consists of 6 apartments with a legal unit mix of four 2-bedroom and two 3-bedroom units. Currently, the building is 100% occupied with tenants that are paying below-market rents. The subject property features a basement that tenants use for storage. The building is also partly sub-metered, allowing tenants to pay for their own utilities directly. Additionally, the MLK Drive Light Rail Station is located 0.4 miles from the subject property, offering a ~25-minute commute to Downtown Jersey City, and a ~40 minute commute to Manhattan.