Updated Dec 19, 2023
Zhengyu Lu & Chunfeng Frank Xu Acquire Other Residential Property In Berkeley Heights, NJ
20 Baldwin Drive, New Providence, New Jersey 07922, United States
$1,260,000
Building Size
—
Asset Type
Co-Op
Closing
Mar 17, 2022
About this deal
AI
The other residential property located at 20 Baldwin Dr in Berkeley Heights, NJ has been sold for a total price of $1,260,000. The transaction took place on March 18, 2022.
Summary of transaction details
- Property Type: Other Residential
- Transaction Amount: $1,260,000
- Address: 20 Baldwin Dr, Berkeley Heights, NJ
- Market: Berkeley Heights, NJ
The buyers of the property are Zhengyu Lu and Chunfeng Frank Xu, while the sellers are Charles Knight and Kathryn D Knight.
The co op sale at 20 Baldwin Drive, New Providence, New Jersey 07922, United States in Berkeley Heights, New Jersey sold for $1.3M in 2022. 20 Baldwin Drive, New Providence, New Jersey 07922, United States is classified as Co Op on Traded. This page is the Berkeley Heights, New Jersey file for the 20 Baldwin Drive, New Providence, New Jersey 07922, United States co op sold: pricing, party profiles, and other closed co op comps from the same Berkeley Heights sit in the Market section below. Filter that Berkeley Heights co op set by closing date to see what else sold near 20 Baldwin Drive, New Providence, New Jersey 07922, United States around 2022. Published consideration for 20 Baldwin Drive, New Providence, New Jersey 07922, United States is $1.3M, dated 2022. Cite this Zhengyu Lu & Chunfeng Frank Xu Acquire Other Residential Property In Berkeley Heights, NJ sale when underwriting similar co op product around Berkeley Heights, New Jersey.
Players
Berkeley Heights 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
12.59%
Cash-on-Cash
-3.60%
Monthly Payment
$14,164
Annual Debt Svc
$169,964
Annual Cash Flow
$-11,334
DSCR
0.93