Updated Dec 21, 2023
Jennifer M Barrer & Ryan E Barrer Acquire Other Residential Property In Scotch Plains For $1.15M
2241 Lyde Place, Scotch Plains, New Jersey 07076, United States
$1,155,000
$912/SF
Building Size
1,266 SF
Asset Type
Co-Op
Closing
Oct 17, 2022
About this deal
AI
The Other Residential property located at 2241 Lyde Pl in Scotch Plains, NJ was recently sold for $1,155,000. The property spans 1,266 square feet, resulting in a price per square foot of $912.
Summary of transaction details
- Property Type: Other Residential
- Transaction Amount: $1,155,000
- Address: 2241 Lyde Pl, Scotch Plains, NJ
- Market: Scotch Plains, NJ
The buyer, Jennifer M Barrer and Ryan E Barrer, purchased the property from the seller, Marc Anthony Rusin.
The co op sale at 2241 Lyde Place, Scotch Plains, New Jersey 07076, United States in Scotch Plains, New Jersey sold for $1.2M in 2022. The building is 1,266 square feet, implying about 912 per square foot on the published price. This page is the Scotch Plains, New Jersey file for the 2241 Lyde Place, Scotch Plains, New Jersey 07076, United States co op sold: pricing, party profiles, and other closed co op comps from the same Scotch Plains sit in the Market section below. Filter that Scotch Plains co op set by closing date to see what else sold near 2241 Lyde Place, Scotch Plains, New Jersey 07076, United States around 2022. Published consideration for 2241 Lyde Place, Scotch Plains, New Jersey 07076, United States is $1.2M, dated 2022. Cite this Jennifer M Barrer & Ryan E Barrer Acquire Other Residential Property In Scotch Plains For $1.15M sale when underwriting similar co op product around Scotch Plains, New Jersey.
Players
Scotch Plains 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
13.73%
Cash-on-Cash
-3.93%
Monthly Payment
$14,164
Annual Debt Svc
$169,964
Annual Cash Flow
$-11,334
DSCR
0.93