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211 Westfield Avenue

Arvin Patel Purchases Development Site From Jonathan Masi In Clark For $2.5M
SOLDDevelopment Site

Arvin Patel Purchases Development Site From Jonathan Masi In Clark For $2.5M

211 Westfield Avenue

$2,500,000

$469/SF

Building Size

5,324 SF

Asset Type

Development Site

Closing

Oct 27, 2025

AI

The property asset involved in this transaction is a development site located at 211 Westfield Avenue in Clark. The transaction achieved a sale price of $2,500,000, with a total square footage of 5,324, resulting in a price per square foot of $469.

Summary of transaction details:

  • Property Type: Development Site
  • Transaction Amount: $2,500,000
  • Address: 211 Westfield Avenue
  • Market: Clark
  • Square Footage: 5,324
  • Price Per Square Foot: $469
  • Buyer: Arvin Patel
  • Seller: Jonathan Masi
  • Broker: Jason Trembicki - TIP Commercial

This transaction involved key individuals, with Arvin Patel acting as the buyer and Jonathan Masi as the seller. The deal was facilitated by Jason Trembicki, representing TIP Commercial as the broker for the transaction.

Players

Jason Trembicki

Broker

$60.1M

vol

10 deals

Broker

Clark Development Site Market Snapshot

Boundary boundary · Development Site · Sale transactions

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Purchase Price

Annual NOI

Loan Amount

Interest Rate (%)

Loan Term (yrs)

Down Payment (%)

Cap Rate

6.35%

Cash-on-Cash

-1.81%

Monthly Payment

$14,164

Annual Debt Svc

$169,964

Annual Cash Flow

$-11,334

DSCR

0.93