Updated Jun 6, 2025
John J Spellman & Sarah Beth Spellman Sell Other Residential Asset In Scotch Plains For $1,051,400
2305 Belvedere Drive, Scotch Plains, New Jersey 07076, United States
$1,051,400
$403/SF
Building Size
2,604 SF
Asset Type
Co-Op
Closing
Jul 13, 2022
About this deal
AI
The property asset involved in this transaction is located at 2305 Belvedere Dr, Scotch Plains, NJ. The sale was completed for a price of $1,051,400. The property comprises a total square footage of 2,604, giving a price per square foot of $403. This is classified as an Other Residential asset.
Summary of transaction details:
- Property Type: Other Residential
- Transaction Amount: $1,051,400
- Address: 2305 Belvedere Dr, Scotch Plains, NJ
- Square Footage: 2,604
- Price per Square Foot: $403
- Seller: John J Spellman & Sarah Beth Spellman
- Sale Date: 07/14/2022
This transaction involved John J Spellman and Sarah Beth Spellman as the sellers, facilitating the transfer of ownership of the property. No other parties have been mentioned with representation in this transaction.
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
15.09%
Cash-on-Cash
-4.31%
Monthly Payment
$14,164
Annual Debt Svc
$169,964
Annual Cash Flow
$-11,334
DSCR
0.93