Multifamily Property At 336 East Westfield Avenue Sold For $4.125M In Roselle Park
SOLD
$4,125,000
New Jersey
See Similar DealsMultiFamily25,000 SF
Sold
SOLD
Multifamily Property At 336 East Westfield Avenue Sold For $4.125M In Roselle Park
336 Westfield Avenue East
See Similar DealsMultiFamily25,000 SF
Sold
Summary
NEW JERSEY
Asset Type:MultiFamily
Price Per Square Foot:$165
Total Square Footage:25,000 SF
Transaction Type:Sale
The property asset involved in this transaction is a multifamily unit located at 336 East Westfield Avenue in Roselle Park. The transaction closed at a sale price of $4,125,000 for a total of 24 units, resulting in a price per unit of $171,875.
Summary of transaction details:
- Property Type: Multifamily
- Transaction Amount: $4,125,000
- Address: 336 East Westfield Avenue
- Market: Roselle Park
- Units: 24
- Price Per Unit: $171,875
The brokers representing the transaction are Andrew Scheinerman and Jeff Squires from Kislak, playing a key role in facilitating the sale of the property.
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Deal Type
30 years
10 years
Operating Income
Operating Expenses (Annual)
Net Operating Income (NOI)
$220,000.01
Debt Service Coverage Ratio (DSCR)
0.94x
Cap Rate
5.33%
Cash Flow (Annual)-$14,655.25
Cash-on-Cash Return-1.27%
Monthly Debt Service$19,554.60
Annual Debt Service$234,655.25
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