Updated Dec 20, 2023
Chifumi Shibanuma Acquires Other Residential Property In Summit, NJ For $1.6M
27 Colony Drive, Summit, New Jersey 07901, United States
$1,275,000
$583/SF
Building Size
2,186 SF
Asset Type
Co-Op
Closing
Sep 22, 2022
About this deal
AI
The property at 15 Glen Oaks Ave in Summit, NJ has been sold for $1,600,000. The asset is an Other Residential property type with a total area of 2,603 square feet. The price per square foot for this transaction is $614. The sale took place on November 21, 2022.
Summary of transaction details
- Property Type: Other Residential
- Transaction Amount: $1,600,000
- Address: 15 Glen Oaks Ave, Summit, NJ
- Square Footage: 2,603
- Price Per Square Foot: $614
- Buyer: Chifumi Shibanuma
- Seller: Donald J Ryan Jr, Marion A Ryan, and Marian A Ryan
Chifumi Shibanuma is the buyer in this transaction. The sellers are Donald J Ryan Jr, Marion A Ryan, and Marian A Ryan. They were represented by their respective broker in the deal.
Players
Summit Co-Op Market Snapshot
Boundary boundary · Co-Op · Sale transactions
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Deal FAQ
About $583 per square foot on a published $1.3M for 2,186 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
12.44%
Cash-on-Cash
-3.56%
Monthly Payment
$14,164
Annual Debt Svc
$169,964
Annual Cash Flow
$-11,334
DSCR
0.93