Updated Apr 11, 2024
Ellen P & Stuart C Hochberger Sell Other Residential Property In Summit For $2.3M
85 Woodland Avenue, Summit, New Jersey 07901, United States
$2,300,000
$759/SF
Building Size
3,030 SF
Asset Type
Co-Op
Closing
Oct 6, 2022
About this deal
AI
The property located at 85 Woodland Ave in Summit, NJ, was recently sold for $2,300,000. The asset type is classified as Other Residential, with a total area of 3,030 square feet, resulting in a price per square foot of $759.
Summary of transaction details:
- Property Type: Other Residential
- Transaction Amount: $2,300,000
- Address: 85 Woodland Ave
- Market: Summit, NJ
- Seller: Ellen P Hochberger & Stuart C Hochberger
- SF: 3,030
- PPSF: $759
The sellers of the property, Ellen P Hochberger and Stuart C Hochberger, were the key individuals involved in this transaction. They successfully completed the sale of this Other Residential property in Summit, NJ.
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
6.90%
Cash-on-Cash
-1.97%
Monthly Payment
$14,164
Annual Debt Svc
$169,964
Annual Cash Flow
$-11,334
DSCR
0.93