Updated Nov 19, 2023
Minying Gao & Congxin Xu Acquire Other Residential Property In New Providence, NJ For $1.4M
28 3rd Street, New Providence, New Jersey 07974, United States
$1,400,000
$1,400,000/SF
Building Size
1 SF
Asset Type
Co-Op
Closing
Sep 15, 2022
About this deal
AI
The Other Residential property located at 28 3rd St in New Providence, NJ was recently sold on September 15, 2022. The property spans 1,497 square feet and sold for a price of $1,400,000, resulting in a price per square foot of $935.
Summary of transaction details:
- Property Type: Other Residential
- Transaction Amount: $1,400,000
- Address: 28 3rd St, New Providence, NJ
- Market: New Providence, NJ
- Buyer: Minying Gao & Congxin Xu
- Seller: Tracy Elisha
Minying Gao & Congxin Xu purchased the property from Tracy Elisha. The deal was successfully closed, and the buyer and seller were represented by their respective brokers.
Players
New Providence 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
11.33%
Cash-on-Cash
-3.24%
Monthly Payment
$14,164
Annual Debt Svc
$169,964
Annual Cash Flow
$-11,334
DSCR
0.93