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SOLD 250918

1 ELM ST

Westfield, NJ

$5,000,000

Sq. Ft.

$250,000

Per Sq. Ft.

Commercial

Property Type

Tax Assessment Analysis

Sale Price

$5,000,000

Total Assessed

$4,500,000

Sale vs. Assessed

+$500,000 (+11.1%)

Land Value

$1,759,900

Building Value

$2,740,100

Westfield Market Overview

$1,225,000

Median Price

283

Total Sales

+0.0%

Year over Year

Active

Market Type

📊 Investment Analysis

$35,000

Est. Monthly Rent

$36,179

Est. Mortgage

6.76% · 20% down

-$1,179

Monthly Cash Flow

8.4%

Cap Rate

-1.4%

Cash-on-Cash Return

Estimates based on 0.7% rent rule, 6.76% interest rate, 20% down payment. For illustrative purposes only.

🏘 Westfield Neighborhood Guide

Walk Score

Very Walkable

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...

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