Updated Dec 21, 2023
Jennifer S Erday & Timothy J Erday Acquire Other Residential Property In Summit, NJ For $2.3M
45 Blackburn Place, Summit, New Jersey 07901, United States
$2,301,000
Building Size
—
Asset Type
Co-Op
Closing
Mar 23, 2022
About this deal
AI
The other residential property located at 45 Blackburn Pl in Summit, NJ was recently sold for a total price of $2,301,000. The transaction took place on March 24, 2022, and involved the following parties:
Summary of transaction details:
- Property Type: Other Residential
- Transaction Amount: $2,301,000
- Address: 45 Blackburn Pl, Summit, NJ
- Market: Summit, NJ
The buyers of the property were Jennifer S Erday and Timothy J Erday. The sellers of the property were Jesse J Hermann and Julie A Keenan.
This transaction represents an important milestone for all parties involved. The buyers, Jennifer S Erday and Timothy J Erday, have made a significant investment in acquiring the property located at 45 Blackburn Pl. On the other hand, the sellers, Jesse J Hermann and Julie A Keenan, have successfully closed the deal, allowing them to move on to their next ventures.
Players
Summit Co-Op Market Snapshot
Boundary boundary · Co-Op · Sale transactions
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Deal FAQ
Purchase Price
Annual NOI
Loan Amount
Interest Rate (%)
Loan Term (yrs)
Down Payment (%)
Cap Rate
6.89%
Cash-on-Cash
-1.97%
Monthly Payment
$14,164
Annual Debt Svc
$169,964
Annual Cash Flow
$-11,334
DSCR
0.93