Updated Oct 28, 2024
Paulo Kawahira Acquires Edgewater Glass House Condo For $1.68M
3 Somerset Lane, Edgewater, NJ, USA
$1,680,000
$1,050/SF
Building Size
1,600 SF
Asset Type
—
Closing
Nov 29, 2021
About this deal
AI
The condo located at 3 Somerset Lane, Edgewater, NJ has been sold in a recent transaction. The property, which spans 1,600 square feet, was listed for sale with an asking price of $1,780,000. After negotiations, the final sale price was settled at $1,680,000, resulting in a price per square foot of $1,050.
Summary of transaction details
- Property Type: Condo
- Transaction Amount: $1,680,000
- Address: 3 Somerset Lane, Edgewater, NJ
- Square Footage: 1,600
Paulo Kawahira was the buyer of the property, while Edgewater Glass House served as the seller. The deal was facilitated by Carey Klemm from Move with Moreng, who represented both parties during the transaction.
Players
Edgewater CRE Market Snapshot
Boundary boundary · CRE · Sale transactions
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Deal FAQ
About $1.1K per square foot on a published $1.7M for 1,600 square feet (2021).
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Purchase Price
Annual NOI
Loan Amount
Interest Rate (%)
Loan Term (yrs)
Down Payment (%)
Cap Rate
9.44%
Cash-on-Cash
-2.70%
Monthly Payment
$14,164
Annual Debt Svc
$169,964
Annual Cash Flow
$-11,334
DSCR
0.93