Updated Dec 21, 2023
Weichert, Realtors' Patricia O'Connor Sells Multifamily Property In Westfield Town For $1.15M
223 Prospect Street, Westfield, New Jersey 07090, United States
$1,150,000
Building Size
—
Asset Type
MultiFamily
Closing
May 15, 2022
About this deal
AI
A multifamily property located at 223 Prospect St in Westfield Town has been sold for a price of $1,150,000. The transaction took place on May 16, 2022.
Summary of transaction details
- Property Type: Multifamily
- Transaction Amount: $1,150,000
- Market: Westfield Town
Lea Abrams from Coldwell Banker Realty represented the buyer in this transaction, while Patricia O'Connor from Weichert, Realtors represented the seller.
The multifamily sale at 223 Prospect Street, Westfield, New Jersey 07090, United States in Westfield, New Jersey sold for $1.2M in 2022. 223 Prospect Street, Westfield, New Jersey 07090, United States is classified as Multifamily on Traded. Patricia O'Connor, Lea Abrams, Weichert Realtors, Coldwell Banker appear on the sale alongside Weichert Realtors, Coldwell Banker. This page is the Westfield, New Jersey file for the 223 Prospect Street, Westfield, New Jersey 07090, United States multifamily sold: pricing, party profiles, and other closed multifamily comps from the same Westfield sit in the Market section below. Filter that Westfield multifamily set by closing date to see what else sold near 223 Prospect Street, Westfield, New Jersey 07090, United States around 2022. Published consideration for 223 Prospect Street, Westfield, New Jersey 07090, United States is $1.2M, dated 2022. Cite this Weichert, Realtors' Patricia O'Connor Sells Multifamily Property In Westfield Town For $1.15M sale when underwriting similar multifamily product around Westfield, New Jersey.
Players
Westfield MultiFamily Market Snapshot
Boundary boundary · MultiFamily · Sale transactions
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Purchase Price
Annual NOI
Loan Amount
Interest Rate (%)
Loan Term (yrs)
Down Payment (%)
Cap Rate
13.79%
Cash-on-Cash
-3.94%
Monthly Payment
$14,164
Annual Debt Svc
$169,964
Annual Cash Flow
$-11,334
DSCR
0.93