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820 Summit Avenue

Jacob Tony Purchases Single Family Home From Armand Jacinibin For $3.9 Million With Joseph Aziz As Buyer's Representative
SOLDSingle Family Residence

Jacob Tony Purchases Single Family Home From Armand Jacinibin For $3.9 Million With Joseph Aziz As Buyer's Representative

820 Summit Avenue

$3,900,000

$619/SF

Building Size

6,300 SF

Asset Type

Single Family Residence

Closing

Oct 25, 2024

AI

A single-family property located at 820 Summit Avenue in Franklin Lakes was sold for $3,900,000. The asset encompasses 6,300 square feet, translating to a price per square foot of $619.

Summary of transaction details:

  • Property Type: Single Family
  • Transaction Amount: $3,900,000
  • Address: 820 Summit Avenue
  • Market: Franklin Lakes
  • Square Footage: 6,300
  • Price Per Square Foot: $619
  • Buyer: Jacob Tony
  • Seller: Armand Jacinibin
  • Buyer's Representative: Joseph Aziz - Prestige Property Group

Joseph Aziz from Prestige Property Group represented the buyer, Jacob Tony, in this transaction involving Armand Jacinibin as the seller. The deal reflects the activity in the Franklin Lakes market, highlighting the participation of significant individuals in the sale process.

Players

Joseph Aziz

Prestige Property Group

Broker

$8.9M

vol

4 deals

Broker

Franklin Lakes 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

4.07%

Cash-on-Cash

-1.16%

Monthly Payment

$14,164

Annual Debt Svc

$169,964

Annual Cash Flow

$-11,334

DSCR

0.93