Carly Roduit & Valentin Roduit Acquire Other Residential Property In Summit, NJ For $1.2M
SOLD
$1,200,000
New Jersey
See Similar DealsCo-Op
Sold 03/04/2022
SOLD
Carly Roduit & Valentin Roduit Acquire Other Residential Property In Summit, NJ For $1.2M
25 Laurel Avenue, Summit, New Jersey 07901, United States
See Similar DealsCo-Op
Sold 03/04/2022
Summary
NEW JERSEY
Asset Type:Co-Op
Transaction Type:Sale
The property at 25 Laurel Ave in Summit, NJ was sold on March 4, 2022. The property is classified as an Other Residential asset and was purchased for a price of $1,200,000. The buyers in this transaction were Carly Roduit and Valentin Roduit, while the sellers were James Kang and Cindy Lee.
Summary of transaction details
- Property Type: Other Residential
- Transaction Amount: $1,200,000
- Address: 25 Laurel Ave, Summit, NJ
- Buyer: Carly Roduit & Valentin Roduit
- Seller: James Kang & Cindy Lee
The deal was facilitated by a yet-to-be-mentioned representative for Carly Roduit and Valentin Roduit, and James Kang and Cindy Lee. Additional information about the individuals or companies involved in this transaction was not provided.
Details
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Deal Type
30 years
10 years
Operating Income
Operating Expenses (Annual)
Net Operating Income (NOI)
$64,000.01
Debt Service Coverage Ratio (DSCR)
0.94x
Cap Rate
5.33%
Cash Flow (Annual)-$4,263.34
Cash-on-Cash Return-1.27%
Monthly Debt Service$5,688.61
Annual Debt Service$68,263.35
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