SOLD
251230
264 PROSPECT ST
Westfield, NJ
$10,500,000
Apartment
Property Type
Tax Assessment Analysis
Sale Price
$10,500,000
Total Assessed
$6,061,700
Sale vs. Assessed
+$4,438,300
(+73.2%)
Land Value
$3,000,000
Building Value
$3,061,700
Westfield Market Overview
$1,225,000
Median Price
283
Total Sales
+0.0%
Year over Year
Active
Market Type
📊 Investment Analysis
$73,500
Est. Monthly Rent
$77,041
Est. Mortgage
6.95% · 20% down
-$3,541
Monthly Cash Flow
8.4%
Cap Rate
-2.0%
Cash-on-Cash Return
Estimates based on 0.7% rent rule, 6.95% interest rate, 20% down payment. For illustrative purposes only.
🏘 Westfield Neighborhood Guide
72
Walk Score
Very Walkable
48
Min to NYC
With transfer
Westfield Station
Train Station
Raritan Valley
Neighborhoods in Westfield
The Gardens
$1,500,000 to $3,500,000
Best for: Executives, established families
Wychwood
$1,200,000 to $2,500,000
Best for: Privacy seekers, families
Indian Forest
$1,300,000 to $2,800,000
Best for: Space seekers, golf enthusiasts
Stonehenge
$900,000 to $1,400,000
Best for: Families, value buyers
Manor Park
$800,000 to $1,200,000
Best for: First-time Westfield buyers, commuters
Downtown Core
$600,000 to $1,000,000
Best for: Young professionals, empty nesters, commuters
Northside
$900,000 to $1,600,000
Best for: Families, school-focused buyers
Westfield is the crown jewel of Union County and one of the most sought-after suburban communities in New Jersey. With nationally ranked schools, a vibrant walkable downtown featuring over 200 shops and restaurants, and NJ Transit service to Penn Station, it consistently ranks among the top places t...
Explore Westfield →Property Record
Address
264 PROSPECT ST, Westfield, NJ
Block / Lot
02505 / 0
Property Class
Apartment (Class 4C)
Sale Date
251230
Hector Garcia
Licensed Real Estate Sales Associate
📞 Call Hector Get Your Home Value Thinking of Selling?Interested in this area? I can show you similar properties and help you understand the market.