Updated Dec 4, 2024
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
About this deal
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.
On the Map
$3,900,000
$619/SF
Single Family Residence
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Franklin Lakes Single Family Residence Market Snapshot
Boundary boundary · Single Family Residence · Sale transactions
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Deal FAQ
About $619 per square foot on a published $3.9M for 6,300 square feet (2024).
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Browse Franklin Lakes single family residence sales on Traded.
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