Updated Dec 21, 2023
Jenna & Michael Sobocienski Acquire Other Residential Property In Westfield, NJ For $1.25M
546 Alden Avenue, Westfield, New Jersey 07090, United States
$1,250,000
$488/SF
Building Size
2,561 SF
Asset Type
—
Closing
Oct 6, 2022
About this deal
AI
The other residential property located at 546 Alden Ave in Westfield, NJ has been sold in a recent transaction. The property spans 2,561 square feet and was sold for a price of $1,250,000, resulting in a price per square foot of $488.
Summary of transaction details
- Property Type: Other Residential
- Transaction Amount: $1,250,000
- Address: 546 Alden Ave
- Market: Westfield, NJ
The buyers of the property were Jenna Sobocienski & Michael Sobocienski, while the sellers were Gina Marrone & Drew A Pierson.
Players
Westfield CRE Market Snapshot
Boundary boundary · CRE · Sale transactions
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Purchase Price
Annual NOI
Loan Amount
Interest Rate (%)
Loan Term (yrs)
Down Payment (%)
Cap Rate
12.69%
Cash-on-Cash
-3.63%
Monthly Payment
$14,164
Annual Debt Svc
$169,964
Annual Cash Flow
$-11,334
DSCR
0.93