Updated Dec 21, 2023
Sandy Huang & Eric Lee Acquire Other Residential Property In New Providence, NJ
205 Central Avenue, New Providence, New Jersey 07974, United States
$1,390,000
Building Size
—
Asset Type
Co-Op
Closing
Apr 7, 2022
About this deal
AI
A residential property located at 205 Central Ave in New Providence, NJ, has been sold for a price of $1,390,000. The property falls under the category of Other Residential in the market.
Summary of transaction details
- Property Type: Other Residential
- Transaction Amount: $1,390,000
- Address: 205 Central Ave, New Providence, NJ
- Market: New Providence, NJ
The buyers of the property are Sandy Huang & Eric Lee, while the sellers are Anasuya Madgavkar & Dileep Madgavkar.
This transaction represents a significant purchase in the residential market of New Providence, NJ. Sandy Huang & Eric Lee, as the buyers, were represented by their respective broker at the time of the deal.
Players
New Providence 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
11.41%
Cash-on-Cash
-3.26%
Monthly Payment
$14,164
Annual Debt Svc
$169,964
Annual Cash Flow
$-11,334
DSCR
0.93