Updated Dec 21, 2023
Aparna Parekh Acquires Other Residential Property In Summit, NJ For $2.3M
680 Springfield Avenue, Summit, New Jersey 07901, United States
$2,300,000
$540/SF
Building Size
4,252 SF
Asset Type
Co-Op
Closing
Sep 6, 2022
About this deal
AI
A residential property located at 680 Springfield Ave in Summit, NJ, has been sold in a recent transaction. The property spans over 4,252 square feet and was sold for a price of $2,300,000, resulting in a price per square foot of $540.
Summary of transaction details:
- Property Type: Other Residential
- Transaction Amount: $2,300,000
- Address: 680 Springfield Ave
- Market: Summit, NJ
Aparna Parekh has purchased the property from Colin C Mathews & Jennifer Marie Mathews. The transaction was facilitated by their respective representatives from their agencies.
Players
Summit Co-Op Market Snapshot
Boundary boundary · Co-Op · Sale transactions
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Deal FAQ
About $540 per square foot on a published $2.3M for 4,252 square feet (2022).
Browse New Jersey co op sales on Traded.
Purchase Price
Annual NOI
Loan Amount
Interest Rate (%)
Loan Term (yrs)
Down Payment (%)
Cap Rate
6.90%
Cash-on-Cash
-1.97%
Monthly Payment
$14,164
Annual Debt Svc
$169,964
Annual Cash Flow
$-11,334
DSCR
0.93