Updated Dec 19, 2023
Laura Kounev & Velin Kounev Acquire Other Residential Property In Summit, NJ For $1.525M
9 Norwood Avenue, Summit, New Jersey 07901, United States
$1,525,000
$505/SF
Building Size
3,018 SF
Asset Type
Co-Op
Closing
Sep 26, 2022
About this deal
AI
The Other Residential property located at 9 Norwood Ave in Summit, NJ has been sold for a price of $1,525,000. The property spans over an area of 3,018 square feet, resulting in a price per square foot of $505.
Summary of transaction details
- Property Type: Other Residential
- Transaction Amount: $1,525,000
- Address: 9 Norwood Ave, Summit, NJ
- Square Footage: 3,018
- Price Per Square Foot: $505
- Market: Summit, NJ
The buyers in this transaction are Laura Kounev and Velin Kounev. They have acquired the property from the sellers, Melissa Phillips and Robert Phillips.
Players
Summit Co-Op Market Snapshot
Boundary boundary · Co-Op · Sale transactions
Loading comparables…
Deal FAQ
Browse New Jersey co op sales on Traded.
Purchase Price
Annual NOI
Loan Amount
Interest Rate (%)
Loan Term (yrs)
Down Payment (%)
Cap Rate
10.40%
Cash-on-Cash
-2.97%
Monthly Payment
$14,164
Annual Debt Svc
$169,964
Annual Cash Flow
$-11,334
DSCR
0.93