Brian P Murphy & Michelle B Murphy Acquire Other Residential Property In Summit, NJ For $1.9M
SOLD
New Jersey
See Similar DealsCo-Op3 SF
Sold 11/14/2022
SOLD
Brian P Murphy & Michelle B Murphy Acquire Other Residential Property In Summit, NJ For $1.9M
50 Gloucester Road, Summit, New Jersey 07901, United States
See Similar DealsCo-Op3 SF
Sold 11/14/2022
Summary
NEW JERSEY
Asset Type:Co-Op
Price Per Square Foot:$618,333
Total Square Footage:3 SF
Transaction Type:Sale
Located at 50 Gloucester Rd in Summit, NJ, this Other Residential property was recently sold on November 14, 2022. The property spans a total of 3,562 square feet and was sold for $1,855,000, resulting in a price per square foot of $520.
Summary of transaction details
- Property Type: Other Residential
- Transaction Amount: $1,855,000
- Address: 50 Gloucester Rd, Summit, NJ
- Market: Summit, NJ
The buyers of this property are Brian P Murphy and Michelle B Murphy. They acquired the property from Amy Burke and John P Burke. No additional information about the individuals or companies involved in the transaction is available.
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Deal Type
30 years
10 years
Operating Income
Operating Expenses (Annual)
Net Operating Income (NOI)
$98,933.33
Debt Service Coverage Ratio (DSCR)
0.94x
Cap Rate
5.33%
Cash Flow (Annual)-$6,590.43
Cash-on-Cash Return-1.27%
Monthly Debt Service$8,793.65
Annual Debt Service$105,523.76
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