Updated Dec 19, 2023
Jason T Vale & Stacy A Vale Acquire Other Residential Property In Summit, NJ For $1.31M
250 Summit Avenue, Summit, New Jersey 07901, United States
$1,310,000
Building Size
—
Asset Type
Co-Op
Closing
Apr 12, 2022
About this deal
AI
The Other Residential property located at 250 Summit Ave in Summit, NJ has been sold. The transaction took place on April 13, 2022.
Summary of transaction details
- Property Type: Other Residential
- Transaction Amount: $1,310,000
The buyers in this transaction are Jason T Vale and Stacy A Vale. On the other hand, the sellers are Adam Francis and Claire Tang.
The co op sale at 250 Summit Avenue, Summit, New Jersey 07901, United States in Summit, New Jersey sold for $1.3M in 2022. 250 Summit Avenue, Summit, New Jersey 07901, United States is classified as Co Op on Traded. This page is the Summit, New Jersey file for the 250 Summit Avenue, Summit, New Jersey 07901, United States co op sold: pricing, party profiles, and other closed co op comps from the same Summit sit in the Market section below. Filter that Summit co op set by closing date to see what else sold near 250 Summit Avenue, Summit, New Jersey 07901, United States around 2022. Published consideration for 250 Summit Avenue, Summit, New Jersey 07901, United States is $1.3M, dated 2022. Cite this Jason T Vale & Stacy A Vale Acquire Other Residential Property In Summit, NJ For $1.31M sale when underwriting similar co op product around Summit, New Jersey.
Players
Summit Co-Op Market Snapshot
Boundary boundary · Co-Op · Sale transactions
Loading comparables…
Deal FAQ
Purchase Price
Annual NOI
Loan Amount
Interest Rate (%)
Loan Term (yrs)
Down Payment (%)
Cap Rate
12.11%
Cash-on-Cash
-3.46%
Monthly Payment
$14,164
Annual Debt Svc
$169,964
Annual Cash Flow
$-11,334
DSCR
0.93