Updated Dec 18, 2023
Hemant Arora & Shruti Bali Acquire Other Residential Property In Westfield, NJ For $1.11M
33 Faulkner Drive, Westfield, New Jersey 07090, United States
$1,110,000
$407/SF
Building Size
2,724 SF
Asset Type
Co-Op
Closing
Aug 18, 2022
About this deal
AI
Located at 33 Faulkner Dr in Westfield, NJ, this Other Residential property was recently sold on August 19, 2022. The property spans a total of 2,724 square feet and was sold at a price of $1,110,000, resulting in a price per square foot of $407.
Summary of transaction details
- Property Type: Other Residential
- Transaction Amount: $1,110,000
- Address: 33 Faulkner Dr, Westfield, NJ
- Buyer: Hemant Arora & Shruti Bali
- Seller: Glen Rosen & Randy Rosen
- Square Footage: 2,724
- Price per Square Foot: $407
The buyers of this property are Hemant Arora & Shruti Bali, while the sellers are Glen Rosen & Randy Rosen.
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
14.29%
Cash-on-Cash
-4.08%
Monthly Payment
$14,164
Annual Debt Svc
$169,964
Annual Cash Flow
$-11,334
DSCR
0.93