Updated Oct 13, 2026
Georg Bachour & Lina G Fransis Acquire Other Residential Property In Wayne For $1.34M
60 Terrace Road, Wayne, New Jersey 07470, United States
$1,340,000
$297/SF
Building Size
4,502 SF
Asset Type
Co-Op
Closing
Aug 31, 2022
About this deal
AI
The property asset involved in this transaction is located at 60 Terrace Rd, Wayne. It is classified as Other Residential and has a total square footage of 4,502. The transaction occurred for a price of $1,340,000, resulting in a price per square foot of $297.
Summary of transaction details:
- Property Type: Other Residential
- Transaction Amount: $1,340,000
- Address: 60 Terrace Rd
- Market: Wayne
- Square Footage: 4,502
- Price Per Square Foot: $297
- Buyer: Georg Bachour & Lina G Fransis
- Seller: Edward J Kloss, Maria E M Simone, Joseph Simone & Maria E Misito
The transaction involved Georg Bachour and Lina G Fransis as the buyers and Edward J Kloss, Maria E M Simone, Joseph Simone, and Maria E Misito as the sellers. Each party was represented by their respective teams, facilitating the completion of the deal.
On the Map
$1,340,000
$297/SF
Co-Op
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Players
Wayne 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
11.84%
Cash-on-Cash
-3.38%
Monthly Payment
$14,164
Annual Debt Svc
$169,964
Annual Cash Flow
$-11,334
DSCR
0.93