Updated Dec 21, 2023
Deepa Patel, Parul K Patel, Nilesh Patel & Kalpesh Patel Acquire Other Residential Property In East Brunswick, NJ For $1.4M
41 Summit Drive, East Brunswick, New Jersey 08816, United States
$1,400,000
$261/SF
Building Size
5,352 SF
Asset Type
Co-Op
Closing
Oct 16, 2022
About this deal
AI
The property at 41 Summit Dr in East Brunswick, NJ was recently sold. The sale took place on 10/17/2022, with a transaction price of $1,400,000. The property is classified as an Other Residential asset type and has a total square footage of 5,352. The price per square foot (PPSF) comes out to be $261.
Summary of transaction details
- Property Type: Other Residential
- Transaction Amount: $1,400,000
- Address: 41 Summit Dr, East Brunswick, NJ
- Market: East Brunswick, NJ
The buyers of the property were Deepa Patel, Parul K Patel, Nilesh Patel, and Kalpesh Patel. On the other hand, John Colaiuti acted as the seller in this transaction.
Players
East Brunswick 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