Updated Dec 19, 2023
Randy Rutherford Acquires Other Residential Property In Summit, NJ For $1.3M
42 Laurel Avenue, Summit, New Jersey 07901, United States
$1,300,000
Building Size
—
Asset Type
Co-Op
Closing
Apr 6, 2022
About this deal
AI
The Other Residential property located at 42 Laurel Ave in Summit, NJ has been sold on April 7, 2022. The property was purchased by Randy Rutherford from Patricia Krasowski & Robert Krasowski for a total price of $1,300,000.
Summary of transaction details
- Property Type: Other Residential
- Sale Price: $1,300,000
- Transaction Date: April 7, 2022
- Address: 42 Laurel Ave, Summit, NJ
- Buyer: Randy Rutherford
- Seller: Patricia Krasowski & Robert Krasowski
The deal was facilitated by the seller's representatives, Patricia Krasowski & Robert Krasowski's authorized broker.
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
12.20%
Cash-on-Cash
-3.49%
Monthly Payment
$14,164
Annual Debt Svc
$169,964
Annual Cash Flow
$-11,334
DSCR
0.93