Updated Dec 20, 2023
Casey And Justin Carlson Acquire Other Residential Property In Scotch Plains, NJ For $1.4M
2 Scotchwood Glen, Scotch Plains, New Jersey 07076, United States
$1,400,000
$414/SF
Building Size
3,379 SF
Asset Type
Co-Op
Closing
Oct 20, 2022
About this deal
AI
The Other Residential property located at 2 Scotchwood Gln in Scotch Plains, NJ has been sold on October 21, 2022. The property spans 3,379 square feet and was sold for a price of $1,400,000, resulting in a price per square foot of $414.
Summary of transaction details
- Property Type: Other Residential
- Transaction Amount: $1,400,000
- Address: 2 Scotchwood Gln, Scotch Plains, NJ
- Square Footage: 3,379
- Buyer: Casey Carlson & Justin Carlson
- Seller: Karen A Mack & James E Simonik
The buyer of the property is represented by Casey Carlson & Justin Carlson, while Karen A Mack & James E Simonik served as the sellers in the transaction.
Players
Scotch Plains Co-Op Market Snapshot
Boundary boundary · Co-Op · Sale transactions
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Deal FAQ
About $414 per square foot on a published $1.4M for 3,379 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
11.33%
Cash-on-Cash
-3.24%
Monthly Payment
$14,164
Annual Debt Svc
$169,964
Annual Cash Flow
$-11,334
DSCR
0.93