Ashish Kumar Gupta & Sarita Sharma Acquire Other Residential Property In Edison, NJ For $1.05M
SOLD
$1,050,000
New Jersey
See Similar DealsCo-Op3,565 SF
Sold 10/31/2022
SOLD
Ashish Kumar Gupta & Sarita Sharma Acquire Other Residential Property In Edison, NJ For $1.05M
6 Lily Road, Edison, New Jersey 08820, United States
See Similar DealsCo-Op3,565 SF
Sold 10/31/2022
Summary
NEW JERSEY
Asset Type:Co-Op
Price Per Square Foot:$294
Total Square Footage:3,565 SF
Transaction Type:Sale
The Other Residential property located at 6 Lily Rd in Edison, NJ has been sold for $1,050,000. The property spans 3,565 square feet, resulting in a price per square foot of $294.
Summary of transaction details
- Property Type: Other Residential
- Transaction Amount: $1,050,000
- Square Footage: 3,565
- Price per Square Foot: $294
- Address: 6 Lily Rd, Edison, NJ
- Market: Edison, NJ
- Buyer: Ashish Kumar Gupta & Sarita Sharma
- Seller: Bolton Tarleh Nyema & Indira Sankar Nyema
Ashish Kumar Gupta & Sarita Sharma have acquired the property from Bolton Tarleh Nyema & Indira Sankar Nyema. The transaction represents a significant step for both the buyer and the seller.
Details
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Deal Type
30 years
10 years
Operating Income
Operating Expenses (Annual)
Net Operating Income (NOI)
$55,999.99
Debt Service Coverage Ratio (DSCR)
0.94x
Cap Rate
5.33%
Cash Flow (Annual)-$3,730.43
Cash-on-Cash Return-1.27%
Monthly Debt Service$4,977.54
Annual Debt Service$59,730.43
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