Updated Dec 18, 2023
Jeet Shetty & Jocelyn C Shetty Acquire Other Residential Property On W End Ave, Summit, NJ For $2.275M
117 West End Avenue, Summit, New Jersey 07901, United States
$2,275,000
$1,710/SF
Building Size
1,330 SF
Asset Type
Co-Op
Closing
Oct 3, 2022
About this deal
AI
A residential property located at 117 W End Ave in Summit, NJ has been sold for a transaction amount of $2,275,000. The property is classified as an Other Residential asset and spans across 1,330 square feet. The price per square foot for this transaction is $1,710.
Summary of transaction details
- Property Type: Other Residential
- Transaction Amount: $2,275,000
- Address: 117 W End Ave, Summit, NJ
- Market: Summit, NJ
- Buyer: Jeet Shetty & Jocelyn C Shetty
- Seller: A Gregory Rao
- Square Footage: 1,330
- Price per Square Foot: $1,710
Jeet Shetty and Jocelyn C Shetty are the buyers of the property, while A Gregory Rao serves as the seller.
Players
Summit Co-Op Market Snapshot
Boundary boundary · Co-Op · Sale transactions
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Purchase Price
Annual NOI
Loan Amount
Interest Rate (%)
Loan Term (yrs)
Down Payment (%)
Cap Rate
6.97%
Cash-on-Cash
-1.99%
Monthly Payment
$14,164
Annual Debt Svc
$169,964
Annual Cash Flow
$-11,334
DSCR
0.93