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.
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