Chunhui Wang & Sai Zhang Acquire Other Residential Property In Summit, NJ

47 Division Avenue, Summit, New Jersey 07901, United States

$1,030,000

Building Size

—

Asset Type

Co-Op

Closing

Mar 24, 2022

AI

A property located at 47 Division Ave in Summit, NJ has been sold for $1,030,000. The transaction took place on March 25, 2022. The property is classified as Other Residential in the market.

Summary of transaction details

Property Type: Other Residential
Transaction Amount: $1,030,000
Address: 47 Division Ave, Summit, NJ
Market: Summit, NJ

The buyer of the property is Chunhui Wang & Sai Zhang. The seller, on the other hand, is Shan Fu, Greg X Wang & Shu Shi.

Players

Summit Co-Op Market Snapshot

Boundary boundary · Co-Op · Sale transactions

Loading comparables…

Purchase Price

Annual NOI

Loan Amount

Interest Rate (%)

Loan Term (yrs)

Down Payment (%)

Cap Rate

15.40%

Cash-on-Cash

-4.40%

Monthly Payment

$14,164

Annual Debt Svc

$169,964

Annual Cash Flow

$-11,334

DSCR

0.93