Updated Dec 20, 2023
Marisa Lau & Theodore Lui Acquire Other Residential Property In Summit, NJ For $3.41M
38 Blackburn Place, Summit, New Jersey 07901, United States
$3,410,000
$760/SF
Building Size
4,487 SF
Asset Type
Co-Op
Closing
Jul 27, 2022
About this deal
AI
The Other Residential property located at 38 Blackburn Pl in Summit, NJ has been sold. The property spans an area of 4,487 square feet and was sold for a price of $3,410,000. The price per square foot of the property is $759.
Summary of transaction details
- Property Type: Other Residential
- Transaction Amount: $3,410,000
- Address: 38 Blackburn Pl, Summit, NJ
- Square Footage: 4,487
- Price per Square Foot: $759
The buyers involved in this transaction are Marisa Lau and Theodore Lui. They acquired the property from the sellers, Dalila B Wisniewski and Dan W Wisniewski.
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
4.65%
Cash-on-Cash
-1.33%
Monthly Payment
$14,164
Annual Debt Svc
$169,964
Annual Cash Flow
$-11,334
DSCR
0.93