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645 Summit Street

Jason Pierce Of New Jersey Proper Represents Record Sale Of 645 Summit Street For $5.4M
SOLDSingle Family

Jason Pierce Of New Jersey Proper Represents Record Sale Of 645 Summit Street For $5.4M

645 Summit Street

$5,400,000

Building Size

Asset Type

Single Family

Closing

Mar 24, 2026

AI

The property asset involved in the transaction is a single-family home located at 645 Summit Street, situated in the Englewood Cliffs market. The sale price of the property was $5,400,000, marking it as the highest-ever residential sale recorded on NJMLS in Englewood Cliffs, surpassing the previous record of $4.77 million.

Summary of transaction details:

  • Property Type: Single Family
  • Transaction Amount: $5,400,000
  • Address: 645 Summit Street
  • Market: Englewood Cliffs
  • Broker: Jason Pierce - New Jersey Proper - Prominent Properties Sotheby's International Realty

This transaction was led by broker Jason Pierce of New Jersey Proper, who played a key role in closing this record-setting sale. The company has established a dominant presence in the market, representing 40% of the top 10 sales in Englewood Cliffs since 2023, highlighting their expertise in luxury home transactions in Bergen County.

Players

Jason Pierce

Sotheby's International Realty

Broker

$56M

vol

8 deals

Broker

Englewood Cliffs Single Family Market Snapshot

Boundary boundary · Single Family · Sale transactions

Loading comparables…

Purchase Price

Annual NOI

Loan Amount

Interest Rate (%)

Loan Term (yrs)

Down Payment (%)

Cap Rate

2.94%

Cash-on-Cash

-0.84%

Monthly Payment

$14,164

Annual Debt Svc

$169,964

Annual Cash Flow

$-11,334

DSCR

0.93