Updated Dec 20, 2023
Sheila Labbe-Louis & Julio Louis Acquire Other Residential Property In Springfield For $1.1M
14 Ron's Edge Road, Springfield, New Jersey 07081, United States
$1,100,000
Building Size
—
Asset Type
Co-Op
Closing
Mar 24, 2022
About this deal
AI
On March 25, 2022, a property located at 14 Ron's Edge Rd in Springfield, NJ, was sold for a price of $1,100,000. The property is categorized as Other Residential.
Summary of transaction details
- Property Type: Other Residential
- Transaction Amount: $1,100,000
- Address: 14 Ron's Edge Rd
- Market: Springfield, NJ
The buyers of the property are Sheila Labbe-Louis and Julio Louis. They acquired the property from Jeremy Bailer.
The co op sale at 14 Ron's Edge Road, Springfield, New Jersey 07081, United States in Springfield, New Jersey sold for $1.1M in 2022. 14 Ron's Edge Road, Springfield, New Jersey 07081, United States is classified as Co Op on Traded. This page is the Springfield, New Jersey file for the 14 Ron's Edge Road, Springfield, New Jersey 07081, United States co op sold: pricing, party profiles, and other closed co op comps from the same Springfield sit in the Market section below. Filter that Springfield co op set by closing date to see what else sold near 14 Ron's Edge Road, Springfield, New Jersey 07081, United States around 2022. Published consideration for 14 Ron's Edge Road, Springfield, New Jersey 07081, United States is $1.1M, dated 2022. Cite this Sheila Labbe-Louis & Julio Louis Acquire Other Residential Property In Springfield For $1.1M sale when underwriting similar co op product around Springfield, New Jersey.
Players
Springfield 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
14.42%
Cash-on-Cash
-4.12%
Monthly Payment
$14,164
Annual Debt Svc
$169,964
Annual Cash Flow
$-11,334
DSCR
0.93