Updated Dec 19, 2023
Tianyan Hu & Junpu Wang Acquire Residential Property In New Providence, NJ For $1.21M
6 Frost Lane, New Providence, New Jersey 07974, United States
$1,210,000
$375/SF
Building Size
3,225 SF
Asset Type
Co-Op
Closing
Dec 1, 2021
About this deal
AI
The residential property located at 6 Frost Ln in New Providence, NJ has been sold. The transaction took place on 12/02/2021. The property spans across 3,225 square feet and was sold for a total price of $1,210,000, resulting in a price per square foot of $375.
Summary of transaction details:
- Property Type: Residential
- Transaction Amount: $1,210,000
- Address: 6 Frost Ln
- Market: New Providence, NJ
- Buyer: Tianyan Hu & Junpu Wang
- Seller: William H Dibble & Pamela D Pike
- Square Footage: 3,225
- Price per Square Foot: $375
Tianyan Hu and Junpu Wang purchased the property from William H Dibble and Pamela D Pike. The sale of this residential asset marks the completion of the transaction.
Players
New Providence 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
13.11%
Cash-on-Cash
-3.75%
Monthly Payment
$14,164
Annual Debt Svc
$169,964
Annual Cash Flow
$-11,334
DSCR
0.93