William Broderick & Jason Pierce Sell Land In Englewood Cliffs For $3.3M
552 Summit Street
$3,300,000
Building Size
—
Asset Type
Land
Closing
Jun 26, 2024
AI
Vacant land at 552 Summit Street in Englewood Cliffs was sold for $3,300,000. The transaction was facilitated by William Broderick of Ridgeco Properties representing the buyer, and Jason Pierce of Prominent Properties Sotheby's International Realty representing the seller.
Summary of transaction details:
- Property Type: Land
- Transaction Amount: $3,300,000
- Address: 552 Summit Street
- Market: Englewood Cliffs
William Broderick from Ridgeco Properties served as the buyer's representative, while Jason Pierce from Prominent Properties Sotheby's International Realty acted as the seller's representative in the sale of the vacant land. Both parties played crucial roles in finalizing the transaction.
Players
Englewood Cliffs Land Market Snapshot
Boundary boundary · Land · Sale transactions
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Purchase Price
Annual NOI
Loan Amount
Interest Rate (%)
Loan Term (yrs)
Down Payment (%)
Cap Rate
4.81%
Cash-on-Cash
-1.37%
Monthly Payment
$14,164
Annual Debt Svc
$169,964
Annual Cash Flow
$-11,334
DSCR
0.93