Updated Dec 21, 2023
Clinton Alford & Karolina Alford Acquire Other Residential Property In New Providence, NJ For $1.25M
8 Meadow Court, New Providence, New Jersey 07974, United States
$1,250,000
Building Size
—
Asset Type
Co-Op
Closing
Mar 9, 2022
About this deal
AI
The property at 8 Meadow Ct in New Providence, NJ was sold on March 10, 2022. The asset type of the property is other residential. The transaction involved a sale, with Clinton Alford & Karolina Alford purchasing the property from Edward J Trackim Jr & Wendy D Trackim for a price of $1,250,000.
Summary of transaction details
- Property Type: Other Residential
- Transaction Amount: $1,250,000
- Address: 8 Meadow Ct, New Providence, NJ
- Buyer: Clinton Alford & Karolina Alford
- Seller: Edward J Trackim Jr & Wendy D Trackim
Clinton Alford & Karolina Alford were the buyers in this transaction, while Edward J Trackim Jr & Wendy D Trackim were the sellers.
Players
New Providence 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
12.69%
Cash-on-Cash
-3.63%
Monthly Payment
$14,164
Annual Debt Svc
$169,964
Annual Cash Flow
$-11,334
DSCR
0.93