Updated Dec 21, 2023
Wenwen Ning & Luan Tang Acquire Other Residential Property In Cranbury, NJ For $1.3M
17 Shady Brook Lane, Cranbury, New Jersey 08512, United States
$1,300,000
$325,000/SF
Building Size
4 SF
Asset Type
Co-Op
Closing
Aug 11, 2022
About this deal
AI
The property at 17 Shady Brook Ln in Cranbury, NJ has been sold for a total price of $1,300,000. This Other Residential property spans 4,828 square feet, resulting in a price per square foot of $269.
Summary of transaction details:
- Property Type: Other Residential
- Transaction Amount: $1,300,000
The buyer of the property is Wenwen Ning & Luan Tang, while the seller is Som Lok Leung, Susan Leung & Som-Lok Leung.
The co op sale at 17 Shady Brook Lane, Cranbury, New Jersey 08512, United States in Cranbury, New Jersey sold for $1.3M in 2022. The building is 4 square feet, implying about 325K per square foot on the published price. This page is the Cranbury, New Jersey file for the 17 Shady Brook Lane, Cranbury, New Jersey 08512, United States co op sold: pricing, party profiles, and other closed co op comps from the same Cranbury sit in the Market section below. Filter that Cranbury co op set by closing date to see what else sold near 17 Shady Brook Lane, Cranbury, New Jersey 08512, United States around 2022. Published consideration for 17 Shady Brook Lane, Cranbury, New Jersey 08512, United States is $1.3M, dated 2022. Cite this Wenwen Ning & Luan Tang Acquire Other Residential Property In Cranbury, NJ For $1.3M sale when underwriting similar co op product around Cranbury, New Jersey.
Players
Cranbury 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
12.20%
Cash-on-Cash
-3.49%
Monthly Payment
$14,164
Annual Debt Svc
$169,964
Annual Cash Flow
$-11,334
DSCR
0.93