Updated Dec 21, 2023
Kristin Stryker Bender & Matthew Bender Acquire Other Residential Property In Summit, NJ For $1.275M
17 Pine Ridge Drive, Summit, New Jersey 07901, United States
$1,617,000
Building Size
—
Asset Type
Co-Op
Closing
Apr 5, 2022
About this deal
AI
The other residential property located at 27 Colony Dr in Summit, NJ was sold on September 23, 2022. The property spans 2,186 square feet, with a price per square foot of $583. The transaction closed at a price of $1,275,000.
Summary of transaction details
- Property Type: Other Residential
- Transaction Amount: $1,275,000
- Address: 27 Colony Dr
- Market: Summit, NJ
- Square Footage: 2,186
- Price per Square Foot: $583
Kristin Stryker Bender and Matthew Bender bought the property from Michael Glavan and Gillian Murray. The transaction was facilitated by their representative(s) from their respective agencies.
Players
Summit Co-Op Market Snapshot
Boundary boundary · Co-Op · Sale transactions
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Deal FAQ
Purchase Price
Annual NOI
Loan Amount
Interest Rate (%)
Loan Term (yrs)
Down Payment (%)
Cap Rate
9.81%
Cash-on-Cash
-2.80%
Monthly Payment
$14,164
Annual Debt Svc
$169,964
Annual Cash Flow
$-11,334
DSCR
0.93