Updated Sep 24, 2024
Single-Family Residence in Summit, NJ Sold for $1.1M
4 Midland Terrace, Summit, New Jersey 07901, United States
$1,100,000
Building Size
—
Asset Type
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Closing
Dec 29, 2021
About this deal
AI
The property asset involved in this transaction is a single-family residence located at 4 Midland Ter in Summit, NJ. It was sold for a price of $1,100,000.
Summary of transaction details:
- Property Type: SFR
- Transaction Amount: $1,100,000
- Address: 4 Midland Ter
- Market: Summit, NJ
- Seller: Michelle Christina Burdi, Stephen F King & Michelle Christina King
The deal was executed with the involvement of the sellers, who are Michelle Christina Burdi, Stephen F King, and Michelle Christina King. They facilitated the transaction, leading to the successful sale of the property.
Players
Summit CRE Market Snapshot
Boundary boundary · CRE · Sale transactions
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Deal FAQ
Purchase Price
Annual NOI
Loan Amount
Interest Rate (%)
Loan Term (yrs)
Down Payment (%)
Cap Rate
14.42%
Cash-on-Cash
-4.12%
Monthly Payment
$14,164
Annual Debt Svc
$169,964
Annual Cash Flow
$-11,334
DSCR
0.93