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440 North Avenue East

Jeff Squires Of Kislak Represents Sale Of 10 Unit Multifamily Property In Westfield For $4.8M
SOLDMultiFamily

Jeff Squires Of Kislak Represents Sale Of 10 Unit Multifamily Property In Westfield For $4.8M

440 North Avenue East

$4,800,000

Building Size

Asset Type

MultiFamily

Closing

Mar 12, 2026

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.

Players

Jeff Squires

Kislak

Broker

$280.4M

vol

17 deals

Broker

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