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
$1,855,000
$618,333/SF
Building Size
3 SF
Asset Type
Co-Op
Closing
Nov 14, 2022
AI
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.
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
8.55%
Cash-on-Cash
-2.44%
Monthly Payment
$14,164
Annual Debt Svc
$169,964
Annual Cash Flow
$-11,334
DSCR
0.93