Updated Dec 21, 2023
Compass New Jersey, LLC Represents Sale Of Multifamily Property On Irving Pl, Summit City For $1M
3 Irving Place, Summit, NJ, USA
$1,000,000
$430/SF
Building Size
2,322 SF
Asset Type
MultiFamily
Closing
Aug 31, 2021
About this deal
AI
Located at 3 Irving Pl in Summit City, NJ, this multifamily property was recently sold for $1,000,000. The transaction took place on August 31, 2021.
Summary of transaction details
- Property Type: Multifamily
- Transaction Amount: $1,000,000
- Market: Summit City, NJ
The sale was facilitated by Natalya Price of Compass New Jersey, LLC. Natalya Price represented the sellers in this transaction.
The multifamily sale at 3 Irving Place, Summit, NJ, USA in Summit, New Jersey sold for $1M in 2021. The building is 2,322 square feet, implying about 430 per square foot on the published price. Natalya Price, Compass appear on the sale alongside Compass. This page is the Summit, New Jersey file for the 3 Irving Place, Summit, NJ, USA multifamily sold: pricing, party profiles, and other closed multifamily comps from the same Summit sit in the Market section below. Filter that Summit multifamily set by closing date to see what else sold near 3 Irving Place, Summit, NJ, USA around 2021. Published consideration for 3 Irving Place, Summit, NJ, USA is $1M, dated 2021. Cite this Compass New Jersey, LLC Represents Sale Of Multifamily Property On Irving Pl, Summit City For $1M sale when underwriting similar multifamily product around Summit, New Jersey.
Players
Summit MultiFamily Market Snapshot
Boundary boundary · MultiFamily · Sale transactions
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Purchase Price
Annual NOI
Loan Amount
Interest Rate (%)
Loan Term (yrs)
Down Payment (%)
Cap Rate
15.86%
Cash-on-Cash
-4.53%
Monthly Payment
$14,164
Annual Debt Svc
$169,964
Annual Cash Flow
$-11,334
DSCR
0.93