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14 Euclid Avenue, Summit, N...

Updated Dec 20, 2023

Frederick G Knapp Acquires SFR In Summit, NJ For $1.575M
SOLD

Frederick G Knapp Acquires SFR In Summit, NJ For $1.575M

14 Euclid Avenue, Summit, New Jersey 07901, United States

$1,575,000

$1,067/SF

Building Size

1,476 SF

Asset Type

Closing

Dec 29, 2021

About this deal

AI

Located at 14 Euclid Ave in Summit, NJ, this single-family home (SFR) was recently sold on December 30, 2021. The property spans 1,476 square feet, resulting in a price per square foot (PPSF) of $745. The sale was completed between Frederick G Knapp, the buyer, and Allen S Greene, the seller, with a transaction amount of $1,575,000.

Summary of transaction details

  • Property Type: SFR
  • Transaction Amount: $1,575,000
  • Address: 14 Euclid Ave, Summit, NJ
  • Buyer: Frederick G Knapp
  • Seller: Allen S Greene
  • Square Footage: 1,476
  • Price per Square Foot (PPSF): $745

In this real estate deal, Frederick G Knapp acted as the buyer, while Allen S Greene represented the seller. Both parties successfully completed the transaction, resulting in the sale of this SFR property in Summit, NJ. The transaction amount of $1,575,000 reflects the value of the property, with a price per square foot of $745.

Players

Summit CRE Market Snapshot

Boundary boundary · CRE · Sale transactions

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Deal FAQ

About $1.1K per square foot on a published $1.6M for 1,476 square feet (2021).

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Purchase Price

Annual NOI

Loan Amount

Interest Rate (%)

Loan Term (yrs)

Down Payment (%)

Cap Rate

10.07%

Cash-on-Cash

-2.88%

Monthly Payment

$14,164

Annual Debt Svc

$169,964

Annual Cash Flow

$-11,334

DSCR

0.93

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