Updated Apr 5, 2026
Jeff Squires Of Kislak Represents Sale Of 10 Unit Multifamily Property In Westfield For $4.8M
440 North Avenue East
$4,800,000
Units
10
Asset Type
MultiFamily
Closing
Mar 12, 2026
About this deal
AI
The property asset involved in this transaction is a multifamily real estate located at 440 North Avenue East in the Westfield market. The sale price for this asset was $4,800,000, comprising 10 units, resulting in a price per unit of $480,000.
Summary of transaction details:
- Property Type: Multifamily
- Transaction Amount: $4,800,000
- Units: 10
- Price Per Unit: $480,000
- Date of Transaction: 03/12/2026
- Broker: Jeff Squires - Kislak
Jeff Squires represented the broker agency Kislak in this sale transaction, facilitating the deal for the multifamily property. The specific details of the buyer and seller are not disclosed in the context provided.
On the Map
$4,800,000
MultiFamily
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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
3.30%
Cash-on-Cash
-0.94%
Monthly Payment
$14,164
Annual Debt Svc
$169,964
Annual Cash Flow
$-11,334
DSCR
0.93