Updated Dec 19, 2023
Justine Li & Carlin Yuen Acquire Other Residential Property In New Providence, NJ For $1.5M
1021 Springfield Avenue, New Providence, New Jersey 07974, United States
$1,500,000
$314/SF
Building Size
4,777 SF
Asset Type
Co-Op
Closing
Jul 20, 2022
About this deal
AI
The property involved in this closed transaction is located at 1021 Springfield Ave in New Providence, NJ. It is categorized as Other Residential and spans a total of 4,777 square feet. The sale took place on July 21, 2022, with a sale price of $1,500,000, resulting in a price per square foot of $314.
Summary of transaction details
- Property Type: Other Residential
- Transaction Amount: $1,500,000
- Address: 1021 Springfield Ave, New Providence, NJ
- Market: New Providence, NJ
- Square Footage: 4,777
Justine Li and Carlin Yuen acted as the buyers in this transaction, while Tasha Clark represented the seller. No additional details about the individuals or companies involved in the deal were provided.
Players
New Providence Co-Op Market Snapshot
Boundary boundary · Co-Op · Sale transactions
Loading comparables…
Deal FAQ
Browse New Jersey co op sales on Traded.
Purchase Price
Annual NOI
Loan Amount
Interest Rate (%)
Loan Term (yrs)
Down Payment (%)
Cap Rate
10.58%
Cash-on-Cash
-3.02%
Monthly Payment
$14,164
Annual Debt Svc
$169,964
Annual Cash Flow
$-11,334
DSCR
0.93