Updated Dec 20, 2023
Aaron And Anne Karp Acquire Other Residential Property In Summit, NJ For $1.85M
104 Woodland Avenue, Summit, New Jersey 07901, United States
$1,850,000
$631/SF
Building Size
2,930 SF
Asset Type
Co-Op
Closing
Oct 19, 2022
About this deal
AI
The other residential property located at 104 Woodland Ave in Summit, NJ was sold on October 20, 2022. The property spans 2,930 square feet and was sold for a price of $1,850,000, resulting in a price per square foot of $631.
Summary of transaction details
- Property Type: Other Residential
- Transaction Amount: $1,850,000
- Market: Summit, NJ
- Buyer: Aaron Karp & Anne Karp
- Seller: Brian E Gledhill & Elise K Teen
- Square Footage: 2,930
- Price per Square Foot: $631
Aaron Karp and Anne Karp were the buyers of the property, while Brian E Gledhill and Elise K Teen were the sellers. The transaction marks a significant milestone for both parties involved.
Players
Summit Co-Op Market Snapshot
Boundary boundary · Co-Op · Sale transactions
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Deal FAQ
About $631 per square foot on a published $1.9M for 2,930 square feet (2022).
Browse New Jersey co op sales on Traded.
Purchase Price
Annual NOI
Loan Amount
Interest Rate (%)
Loan Term (yrs)
Down Payment (%)
Cap Rate
8.57%
Cash-on-Cash
-2.45%
Monthly Payment
$14,164
Annual Debt Svc
$169,964
Annual Cash Flow
$-11,334
DSCR
0.93