Updated Dec 21, 2023
Kaitlin Curry & Joseph John Passaro Acquire Other Residential Property In Westfield, NJ
597 Highland Avenue, Westfield, New Jersey 07090, United States
$2,350,000
$454/SF
Building Size
5,169 SF
Asset Type
Co-Op
Closing
Jul 27, 2022
About this deal
AI
The property located at 597 Highland Ave in Westfield, NJ was recently sold in a closed transaction. The asset type of this property is other residential. The sale took place on July 28, 2022, with a total transaction value of $2,350,000. The property measures approximately 5,169 square feet, resulting in a price per square foot of $454.
Summary of transaction details
- Property Type: Other Residential
- Transaction Amount: $2,350,000
- Address: 597 Highland Ave, Westfield, NJ
- Market: Westfield, NJ
Kaitlin Curry and Joseph John Passaro were the buyers in this transaction, while Julie Willard and Kevin Willard were the sellers. The deal was facilitated by the respective representatives of the buyers and sellers.
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
6.75%
Cash-on-Cash
-1.93%
Monthly Payment
$14,164
Annual Debt Svc
$169,964
Annual Cash Flow
$-11,334
DSCR
0.93