Updated Dec 21, 2023
Igor Perelman & Irina Rapoport Acquire Other Residential Property In Westfield, NJ For $1.6M
224 Massachusetts Street, Westfield, New Jersey 07090, United States
$1,635,000
$498/SF
Building Size
3,281 SF
Asset Type
Co-Op
Closing
Aug 23, 2022
About this deal
AI
The property asset involved in this transaction is located at 224 Massachusetts St in Westfield, NJ. The property is an Other Residential type with a total area of 3,281 square feet. The transaction took place on 08/24/2022.
Summary of transaction details
- Property Type: Other Residential
- Transaction Amount: $1,635,000
- Price Per Square Foot: $498
- Buyer: Igor Perelman & Irina Rapoport
- Seller: Jessica Cancelliere & John Anthony Cancelliere
Igor Perelman & Irina Rapoport purchased the property from Jessica Cancelliere & John Anthony Cancelliere for a total price of $1,635,000. The property spans a total area of 3,281 square feet, resulting in a price per square foot of $498.
Players
Westfield Co-Op Market Snapshot
Boundary boundary · Co-Op · Sale transactions
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Purchase Price
Annual NOI
Loan Amount
Interest Rate (%)
Loan Term (yrs)
Down Payment (%)
Cap Rate
9.70%
Cash-on-Cash
-2.77%
Monthly Payment
$14,164
Annual Debt Svc
$169,964
Annual Cash Flow
$-11,334
DSCR
0.93