Updated Dec 19, 2023
Margaret & Stephen Chiarello Acquire Other Residential Property In Summit, NJ For $3.3M
65 Fernwood Road, Summit, New Jersey 07901, United States
$3,300,000
$486/SF
Building Size
6,790 SF
Asset Type
Co-Op
Closing
Jul 17, 2022
About this deal
AI
The property at 65 Fernwood Rd in Summit, NJ has been sold for a price of $3,300,000. The asset type is an Other Residential property, with a total square footage of 6,790. The price per square foot for this transaction is $486.
Summary of transaction details
- Property Type: Other Residential
- Transaction Amount: $3,300,000
- Address: 65 Fernwood Rd, Summit, NJ
- Market: Summit, NJ
- Buyer: Margaret Chiarello & Stephen Chiarello
- Seller: Ling Yin
- Square Footage: 6,790
- Price Per Square Foot: $486
Margaret Chiarello and Stephen Chiarello were the buyers in this transaction, while Ling Yin was the seller.
Players
Summit 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
4.81%
Cash-on-Cash
-1.37%
Monthly Payment
$14,164
Annual Debt Svc
$169,964
Annual Cash Flow
$-11,334
DSCR
0.93