Updated Dec 4, 2024
Betsy & Edward Zimmerman Acquire Residential Property In Summit, NJ For $6.3M
40 Beekman Terrace, Summit, New Jersey 07901, United States
$6,300,000
$716/SF
Building Size
8,798 SF
Asset Type
Co-Op
Closing
Dec 9, 2021
About this deal
AI
The residential property located at 40 Beekman Ter in Summit, NJ has been sold in a transaction dated 12/10/2021. The property spans 8,798 square feet and was sold for a price of $6,300,000, resulting in a price per square foot of $716.
Summary of transaction details
- Property Type: Residential
- Transaction Amount: $6,300,000
- Address: 40 Beekman Ter, Summit, NJ
- Square Footage: 8,798
- Buyer: Betsy A Zimmerman & Edward M Zimmerman
- Seller: Amy Schiffer, Craig Schiffer & Amy Elizabeth Schiffer
The buyers of the property are Betsy A Zimmerman and Edward M Zimmerman. The sellers of the property are Amy Schiffer, Craig Schiffer, and Amy Elizabeth Schiffer.
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
2.52%
Cash-on-Cash
-0.72%
Monthly Payment
$14,164
Annual Debt Svc
$169,964
Annual Cash Flow
$-11,334
DSCR
0.93