Updated Dec 18, 2023
Chen Yujiang And Zhang Xiaohui Acquire Other Residential Property In Metuchen, NJ For $1.05M
553 Wakefield Drive, Metuchen, New Jersey 08840, United States
$1,050,000
$262,500/SF
Building Size
4 SF
Asset Type
Co-Op
Closing
Aug 11, 2022
About this deal
AI
The property involved in this closed transaction is an Other Residential located at 553 Wakefield Dr in Metuchen, NJ. It has a total square footage of 4,683. The transaction took place on 11/08/2022, with Chen Yujiang and Zhang Xiaohui as the buyers, and Tu Siyu & Yang Fei as the sellers. The sale price for the property was $1,050,000, resulting in a price per square foot of $224.
Summary of transaction details:
- Property Type: Other Residential
- Transaction Amount: $1,050,000
- Buyer: Chen Yujiang; Zhang Xiaohui
- Seller: Tu Siyu & Yang Fei
- Square Footage: 4,683
- Price per Square Foot: $224
The buyers, Chen Yujiang and Zhang Xiaohui, successfully acquired the property located at 553 Wakefield Dr in Metuchen, NJ. The sellers, Tu Siyu and Yang Fei, agreed to the transaction. The property offers a spacious living area with a total square footage of 4,683. Chen Yujiang and Zhang Xiaohui will now take ownership of this Other Residential property.
Players
Metuchen Co-Op Market Snapshot
Boundary boundary · Co-Op · Sale transactions
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Deal FAQ
About $262.5K per square foot on a published $1.1M for 4 square feet (2022).
Browse New Jersey co op sales on Traded.
Purchase Price
Annual NOI
Loan Amount
Interest Rate (%)
Loan Term (yrs)
Down Payment (%)
Cap Rate
15.11%
Cash-on-Cash
-4.32%
Monthly Payment
$14,164
Annual Debt Svc
$169,964
Annual Cash Flow
$-11,334
DSCR
0.93