Updated Dec 21, 2023
David Carrington & Judith Szokol Acquire Other Residential Property In Berkeley Heights, NJ For $1.06M
141 Lorraine Drive, Berkeley Heights, New Jersey 07922, United States
$1,063,000
$465/SF
Building Size
2,285 SF
Asset Type
Co-Op
Closing
Jul 31, 2022
About this deal
AI
A residential property located at 141 Lorraine Dr in Berkeley Heights, NJ has been sold in a recent transaction. The property, categorized as Other Residential, spans a total area of 2,285 square feet. The sale took place on August 1, 2022, with David Carrington and Judith Szokol as the buyers, and Erin Ivey and Jason Ivey as the sellers. The transaction was completed for a total price of $1,063,000, resulting in a price per square foot of $465.
Summary of transaction details:
- Property Type: Other Residential
- Transaction Amount: $1,063,000
- Address: 141 Lorraine Dr, Berkeley Heights, NJ
- Buyer: David Carrington & Judith Szokol
- Seller: Erin Ivey & Jason Ivey
- Square Footage: 2,285
- Price Per Square Foot: $465
Additional information regarding the individuals involved in the transaction is not available.
Players
Berkeley Heights 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
14.92%
Cash-on-Cash
-4.26%
Monthly Payment
$14,164
Annual Debt Svc
$169,964
Annual Cash Flow
$-11,334
DSCR
0.93