Updated Dec 19, 2023
Jennifer & Matthew Miller Acquire Other Residential Property In Summit, NJ For $1.6M
8 Parkview Terrace, Summit, New Jersey 07901, United States
$1,600,000
$581/SF
Building Size
2,750 SF
Asset Type
Co-Op
Closing
Aug 18, 2022
About this deal
AI
The property transaction took place at 8 Parkview Ter, Summit, NJ. This other residential property spans 2,750 square feet and was sold for a price of $1,600,000. The price per square foot was calculated to be $581.
Summary of transaction details
- Property Type: Other Residential
- Transaction Amount: $1,600,000
- Address: 8 Parkview Ter, Summit, NJ
- Square Footage: 2,750
- Price per Square Foot: $581
The property was bought by Jennifer G Miller & Matthew G Miller from the sellers, Andrew Christian Rojas & Joy Elaine Stopol.
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
9.91%
Cash-on-Cash
-2.83%
Monthly Payment
$14,164
Annual Debt Svc
$169,964
Annual Cash Flow
$-11,334
DSCR
0.93