Updated Dec 21, 2023
Erin Connors Of Engel & Völkers Sells New Providence Single Family Property For $730,000
18 1st Street, New Providence, NJ, USA
$730,000
$280/SF
Building Size
2,600 SF
Asset Type
Single Family Residence
Closing
Aug 20, 2021
About this deal
AI
The single family property located at 18 1st Street in New Providence, NJ, has been sold. The transaction took place on 08/20/2021 and was facilitated by Erin Connors from Engel & Völkers. The property was originally listed for $799,000 but sold for $730,000. It spans across 2,600 square feet, resulting in a price per square foot of $281.
Summary of transaction details:
- Property Type: Single Family
- Transaction Amount: $730,000
- Address: 18 1st Street, New Providence, NJ
- Market: New Providence, NJ
- Broker: Erin Connors - Engel & Völkers
- Asking Price: $799,000
- Square Footage: 2,600
- Price per Square Foot: $281
Erin Connors, representing Engel & Völkers, played a pivotal role in the successful completion of this sale.
Players
New Providence Single Family Residence Market Snapshot
Boundary boundary · Single Family Residence · Sale transactions
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Purchase Price
Annual NOI
Loan Amount
Interest Rate (%)
Loan Term (yrs)
Down Payment (%)
Cap Rate
21.73%
Cash-on-Cash
-6.21%
Monthly Payment
$14,164
Annual Debt Svc
$169,964
Annual Cash Flow
$-11,334
DSCR
0.93