Updated Dec 21, 2023
Erin Connors Sells Single Family Home In New Providence, NJ For $759,600
16 1st Street, New Providence, NJ 07974, USA
$759,600
$292/SF
Building Size
2,600 SF
Asset Type
Single Family Residence
Closing
Aug 20, 2021
About this deal
AI
A single-family property located at 16 1st Street in New Providence, NJ, was recently sold. The sale was facilitated by Erin Connors from Engel & Völkers. The property has a total area of 2,600 square feet and was listed with an asking price of $799,000. The final sale price was negotiated to $759,600, resulting in a price per square foot of $292.
Summary of transaction details:
- Property Type: Single Family
- Transaction Amount: $759,600
- Address: 16 1st Street, New Providence, NJ
- Listing Price: $799,000
- Square Footage: 2,600
- Price Per Square Foot: $292
Erin Connors from Engel & Völkers played a key role in representing the parties involved in this transaction. Their expertise in the New Providence market ensured a successful sale.
Players
New Providence Single Family Residence Market Snapshot
Boundary boundary · Single Family Residence · Sale transactions
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Deal FAQ
About $292 per square foot on a published $759.6K for 2,600 square feet (2021).
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Purchase Price
Annual NOI
Loan Amount
Interest Rate (%)
Loan Term (yrs)
Down Payment (%)
Cap Rate
20.88%
Cash-on-Cash
-5.97%
Monthly Payment
$14,164
Annual Debt Svc
$169,964
Annual Cash Flow
$-11,334
DSCR
0.93