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Elad 123 Investments Urban Renewal, LLC
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78 Murray Street offers a strong overall experience for potential renters, earning an impressive Zumper expert rating of 8.3 out of 10, highlighting its competitive price and exceptional amenities. The property features modern highlights such as quartz countertops and stainless steel appliances, while its prime location scores 9 out of 10 for accessibility to transportation and essential services. Additional benefits include ample storage space and a smoke-free environment, ensuring a desirable living space for residents.
Things you’ll love
Outdoor space| 2BR/2.0BA | 2 bed | 2 bath | 1,038+ sqft | $2,750–$2,800 /mo | 2 units available | A three year old modern pet-friendly five-story NO BROKER FEE building that's located steps away from all public transportation, major highways and Newark international airport. Amenities include : • Large open sun deck • Outdoor Dog playground • State of the art fitness room • Tenants lounge/working space • Secure building and parking area • Wi-Fi throughout common areas • Cameras throughout the property • Additional storage rooms available • Attendant personal on-site • Smoke-free building • Two over sized elevators • Modern lobby with fireplace • Video intercom system • Swipe cards entrances All apartments include: • Modern open style layout • European style kitchen cabinets • stainless steel kitchen appliances with refrigerator, ice maker, stove, microwave and dishwasher • side by side full size washer and dryer • Kitchen Quartz counter tops • High efficiency heat /cool HVAC. • Instant hot water heater • Spacious bedrooms and closet space There is a monthly fee per pet and a one time non refundable pet fee. Two dogs/cat limit no bigger than 70 pounds. Excluded breeds are Pitbull, German shepherd, Rottweiler |
Let's explore this property.
Grounds
| Outdoor Space |
One-time.
One-time. Refundable.
| Units | 80 |
|---|
A three year old modern pet-friendly five-story NO BROKER FEE building that's located steps away from all public transportation, major highways and Newark international airport. Amenities include : • Large open sun deck • Outdoor Dog playground • State of the art fitness room • Tenants lounge/working space • Secure building and parking area • Wi-Fi throughout common areas • Cameras throughout the property • Additional storage rooms available • Attendant personal on-site • Smoke-free building • Two over sized elevators • Modern lobby with fireplace • Video intercom system • Swipe cards entrances All apartments include: • Modern open style layout • European style kitchen cabinets • stainless steel kitchen appliances with refrigerator, ice maker, stove, microwave and dishwasher • side by side full size washer and dryer • Kitchen Quartz counter tops • High efficiency heat /cool HVAC. • Instant hot water heater • Spacious bedrooms and closet space There is a monthly fee per pet and a one time non refundable pet fee. Two dogs/cat limit no bigger than 70 pounds. Excluded breeds are Pitbull, German shepherd, Rottweiler
How 78 Murray Street compares to other nearby properties.
Positives
Considerations
2-bedroom apartments at 78 Murray Street cost about 21% more than the average rent price for 2-bedroom apartments in Downtown Elizabeth.
| Month | Median Rent |
|---|---|
| March 2024 | $1,846 |
| April 2024 | $1,843 |
| May 2024 | $1,993 |
| June 2024 | $2,144 |
| July 2024 | $2,348 |
| August 2024 | $2,163 |
| September 2024 | $2,191 |
| October 2024 | $2,167 |
| November 2024 | $2,020 |
| December 2024 | $2,137 |
| January 2025 | $2,157 |
| February 2025 | $2,046 |
| March 2025 | $1,997 |
| April 2025 | $1,898 |
| May 2025 | $1,885 |
| June 2025 | $1,837 |
| July 2025 | $1,787 |
| August 2025 | $1,730 |
| September 2025 | $1,810 |
| October 2025 | $1,828 |
| November 2025 | $1,805 |
| December 2025 | $1,728 |
| January 2026 | $1,780 |
| February 2026 | $1,796 |
| Month | Median Rent |
|---|---|
| March 2024 | $2,436 |
| April 2024 | $2,498 |
| May 2024 | $2,447 |
| June 2024 | $2,592 |
| July 2024 | $2,631 |
| August 2024 | $2,666 |
| September 2024 | $2,533 |
| October 2024 | $2,372 |
| November 2024 | $2,445 |
| December 2024 | $2,430 |
| January 2025 | $2,326 |
| February 2025 | $2,418 |
| March 2025 | $2,374 |
| April 2025 | $1,952 |
| May 2025 | $2,246 |
| June 2025 | $2,303 |
| July 2025 | $2,161 |
| August 2025 | $1,896 |
| September 2025 | $1,895 |
| October 2025 | $2,300 |
| November 2025 | $1,895 |
| December 2025 | $2,098 |
| January 2026 | $1,938 |
| February 2026 | $1,998 |
Can I afford to live at 78 Murray St?
Bedrooms
2 bedroomsRent-to-income ratio
30%
$110,000/yr
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