Updated Dec 21, 2023
Brian Kilduff & Alicia H Lorenzen Acquire Other Residential Property In Summit, NJ For $1.9M
22 Badeau Avenue, Summit, New Jersey 07901, United States
$1,900,000
$721/SF
Building Size
2,634 SF
Asset Type
Co-Op
Closing
Sep 7, 2022
About this deal
AI
The property at 22 Badeau Ave was sold in a closed transaction in Summit, NJ. This other residential asset has a total area of 2,634 square feet. The sale took place on September 8, 2022, and the property was purchased by Brian Kilduff & Alicia H Lorenzen. The sellers were Margaret Elizabeth Chiarello & Stephen R Chiarello. The transaction amount was $1,900,000.00, resulting in a price per square foot of $721.34.
Summary of transaction details
- Property Type: Other Residential
- Transaction Amount: $1,900,000.00
- Address: 22 Badeau Ave, Summit, NJ
- Buyer: Brian Kilduff & Alicia H Lorenzen
- Seller: Margaret Elizabeth Chiarello & Stephen R Chiarello
- Square Footage: 2,634
The buyers, Brian Kilduff & Alicia H Lorenzen, made the purchase for the property located at 22 Badeau Ave. On the other hand, Margaret Elizabeth Chiarello & Stephen R Chiarello acted as the sellers' representatives in this deal.
Players
Summit 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
8.35%
Cash-on-Cash
-2.39%
Monthly Payment
$14,164
Annual Debt Svc
$169,964
Annual Cash Flow
$-11,334
DSCR
0.93