Updated Dec 21, 2023
Zachary Jacobs & Rachel Simon Acquire Other Residential Property In Summit, NJ For $1.65M
30 Joanna Way, Summit, New Jersey 07901, United States
$1,650,000
$557/SF
Building Size
2,960 SF
Asset Type
Co-Op
Closing
Oct 13, 2022
About this deal
AI
A residential property located at 30 Joanna Way in Summit, NJ, was recently sold in a transaction. The property type in this case is an Other Residential asset. The sale took place on 10/14/2022, with Zachary Jacobs & Rachel Simon as the buyers and James Pyo & Stefanie L Williams as the sellers. The property was sold for a price of $1,650,000.
Summary of transaction details:
- Property Type: Other Residential
- Transaction Amount: $1,650,000
- Square Footage: 2,960
- Price per Square Foot: $557
- Address: 30 Joanna Way, Summit, NJ
This transaction involved the individuals Zachary Jacobs & Rachel Simon as the buyers and James Pyo & Stefanie L Williams as the sellers. They were represented by their respective brokers/agents in the deal.
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
9.61%
Cash-on-Cash
-2.75%
Monthly Payment
$14,164
Annual Debt Svc
$169,964
Annual Cash Flow
$-11,334
DSCR
0.93