Updated Dec 21, 2023
Meagan Ann Jennings & Kyle B Schmidt Acquires Other Residential In Summit, NJ For $2.9M
60 Oakridge Avenue, Summit, New Jersey 07901, United States
$2,899,000
Building Size
—
Asset Type
Co-Op
Closing
Jan 20, 2022
About this deal
AI
The property located at 60 Oak Ridge Ave in Summit, NJ has been sold. The transaction took place on January 21, 2022. The property is classified as an Other Residential asset.
Summary of transaction details
- Property Type: Other Residential
- Transaction Amount: $2,899,000
- Address: 60 Oak Ridge Ave, Summit, NJ
The buyers of the property are Meagan Ann Jennings and Kyle B Schmidt. The sellers are Emmett Daly and Regina Daly.
The co op sale at 60 Oakridge Avenue, Summit, New Jersey 07901, United States in Summit, New Jersey sold for $2.9M in 2022. 60 Oakridge Avenue, Summit, New Jersey 07901, United States is classified as Co Op on Traded. This page is the Summit, New Jersey file for the 60 Oakridge Avenue, Summit, New Jersey 07901, United States co op sold: pricing, party profiles, and other closed co op comps from the same Summit sit in the Market section below. Filter that Summit co op set by closing date to see what else sold near 60 Oakridge Avenue, Summit, New Jersey 07901, United States around 2022. Published consideration for 60 Oakridge Avenue, Summit, New Jersey 07901, United States is $2.9M, dated 2022. Cite this Meagan Ann Jennings & Kyle B Schmidt Acquires Other Residential In Summit, NJ For $2.9M sale when underwriting similar co op product around Summit, New Jersey.
Players
Summit Co-Op Market Snapshot
Boundary boundary · Co-Op · Sale transactions
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Deal FAQ
Purchase Price
Annual NOI
Loan Amount
Interest Rate (%)
Loan Term (yrs)
Down Payment (%)
Cap Rate
5.47%
Cash-on-Cash
-1.56%
Monthly Payment
$14,164
Annual Debt Svc
$169,964
Annual Cash Flow
$-11,334
DSCR
0.93