Updated Dec 20, 2023
Matthew Clayton Lamb & Allison Leigh Silverman Acquire Other Residential Property In Summit, NJ For $1.35M
27 Acorn Drive, Summit, New Jersey 07901, United States
$1,350,000
$402/SF
Building Size
3,358 SF
Asset Type
Co-Op
Closing
Sep 21, 2022
About this deal
AI
The Other Residential property located at 27 Acorn Dr in Summit, NJ was sold on September 22, 2022. The property spans 3,358 square feet and was sold for a price of $1,350,000, resulting in a price per square foot of $402.
Summary of transaction details
- Property Type: Other Residential
- Transaction Amount: $1,350,000
- Address: 27 Acorn Dr, Summit, NJ
- Market: Summit, NJ
The buyers of the property were Matthew Clayton Lamb and Allison Leigh Silverman. The sellers of the property were John Vetter and Melissa Vetter.
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
11.75%
Cash-on-Cash
-3.36%
Monthly Payment
$14,164
Annual Debt Svc
$169,964
Annual Cash Flow
$-11,334
DSCR
0.93