Updated Dec 21, 2023
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
About this deal
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.
The co op sale at 47 Division Avenue, Summit, New Jersey 07901, United States in Summit, New Jersey sold for $1M in 2022. 47 Division Avenue, Summit, New Jersey 07901, United States is classified as Co Op on Traded. This page is the Summit, New Jersey file for the 47 Division Avenue, Summit, New Jersey 07901, United States co op sold: pricing, party profiles, and other closed co op comps from the same Summit sit in the Market section below. Filter that Summit co op set by closing date to see what else sold near 47 Division Avenue, Summit, New Jersey 07901, United States around 2022. Published consideration for 47 Division Avenue, Summit, New Jersey 07901, United States is $1M, dated 2022. Cite this Chunhui Wang & Sai Zhang Acquire Other Residential Property In Summit, NJ sale when underwriting similar co op product around Summit, New Jersey.
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
15.40%
Cash-on-Cash
-4.40%
Monthly Payment
$14,164
Annual Debt Svc
$169,964
Annual Cash Flow
$-11,334
DSCR
0.93