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50 Gloucester Road, Summit,...

Brian P Murphy & Michelle B Murphy Acquire Other Residential Property In Summit, NJ For $1.9M
SOLDCo-Op

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

Brian Murphy

Buyer

$32.7M

vol

3 deals

Buyer

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