Updated Oct 28, 2024
Gregory R Sundermann & Jessica L Sundermann Acquire Other Residential Property In Scotch Plains, NJ For $1.23M
1 Norwegian Wood, Scotch Plains, New Jersey 07076, United States
$1,230,000
Building Size
—
Asset Type
Co-Op
Closing
Mar 9, 2022
About this deal
AI
1 Norwegian Woods in Scotch Plains, NJ has been sold in a recent transaction. The property, classified as Other Residential, was bought by Gregory R Sundermann & Jessica L Sundermann for the price of $1,230,000. The seller of the property was Messercola Bros Building Co Inc.
Summary of transaction details:
- Property Type: Other Residential
- Transaction Amount: $1,230,000
- Address: 1 Norwegian Woods, Scotch Plains, NJ
- Buyer: Gregory R Sundermann & Jessica L Sundermann
- Seller: Messercola Bros Building Co Inc
The deal involved the acquisition of 1 Norwegian Woods by Gregory R Sundermann & Jessica L Sundermann from the seller, Messercola Bros Building Co Inc. This successful transaction further highlights the active real estate market in Scotch Plains, NJ.
Players
Scotch Plains Co-Op Market Snapshot
Boundary boundary · Co-Op · Sale transactions
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Deal FAQ
Purchase Price
Annual NOI
Loan Amount
Interest Rate (%)
Loan Term (yrs)
Down Payment (%)
Cap Rate
12.90%
Cash-on-Cash
-3.69%
Monthly Payment
$14,164
Annual Debt Svc
$169,964
Annual Cash Flow
$-11,334
DSCR
0.93