--- title: "40 Prospect Street, Canoe Brook, NJ 07901" description: "40 Prospect Street, Canoe Brook, NJ 07901 — Single Family House in Canoe Brook, Summit, NJ. Listing Price $1,700,000. 3 bed, 2 bath, 1,940 sqft Illustrative Buyer Commission Share of $25,500 at closing, based on a 3% buyer-broker commission." url: "https://realestaterebatesnewyork.com/buy/newjersey/summit/07901/40-prospect-street-nj-07901" source: "Real Estate Rebate Team" status: "Active" --- # 40 Prospect Street, Canoe Brook, NJ 07901 Single Family House in Canoe Brook, Summit, NJ Courtesy of EXP REALTY, LLC ## At a Glance - **Listing Price**: $1,700,000 - **Beds**: 3 - **Total Baths**: 2 - **Sqft**: 1,940 - **Monthly Taxes**: $1,253 / mo - **Price per Sqft**: $876 - **Brokerage Fee**: Share Eligible ## The Private Brokerage Advantage As an independent luxury buyer representative, Régis shares 50% of the buyer-side commission he actually receives on your purchase. Eligible buyers receive that Buyer Commission Share directly at closing to offset closing costs, down payments, or renovations. The figures below are illustrative, based on a **3% buyer-broker commission**; your share follows the commission offered on the transaction. - **Contract Purchase Price**: $1,700,000 - **Illustrative Buyer Commission Share**: -$25,500* - **Illustrative Net Cost**: $1,674,500 *Illustrative Buyer Savings of $25,500 — 50% of a 3% buyer-broker commission, shared at closing.* [Request a private tour](https://realestaterebatesnewyork.com/contact) · [Estimate your Buyer Commission Share](https://realestaterebatesnewyork.com/calculators/buyer-closing-cost-calculator) ## Photos (10) ![40 Prospect Street, Canoe Brook, NJ 07901 — photo 1 of 10](https://realestaterebatesnewyork-bucket.nyc3.cdn.digitaloceanspaces.com/4e9cd0c0-a774-42b3-ba4f-0156d763a845.jpg) ![40 Prospect Street, Canoe Brook, NJ 07901 — photo 2 of 10](https://realestaterebatesnewyork-bucket.nyc3.cdn.digitaloceanspaces.com/d690ebfa-af70-4bd7-b7be-824b30860edb.jpg) ![40 Prospect Street, Canoe Brook, NJ 07901 — photo 3 of 10](https://realestaterebatesnewyork-bucket.nyc3.cdn.digitaloceanspaces.com/9fdb5572-3a4c-41f7-b926-5dd834313527.jpg) ![40 Prospect Street, Canoe Brook, NJ 07901 — photo 4 of 10](https://realestaterebatesnewyork-bucket.nyc3.cdn.digitaloceanspaces.com/a10725e2-e915-474c-8e1a-fe686bcc5bf9.jpg) ![40 Prospect Street, Canoe Brook, NJ 07901 — photo 5 of 10](https://realestaterebatesnewyork-bucket.nyc3.cdn.digitaloceanspaces.com/f6f1398a-3b52-4168-b12e-fc63d84bba1e.jpg) ![40 Prospect Street, Canoe Brook, NJ 07901 — photo 6 of 10](https://realestaterebatesnewyork-bucket.nyc3.cdn.digitaloceanspaces.com/0a67b7f5-00fe-4114-8f6c-b1185880f72e.jpg) ![40 Prospect Street, Canoe Brook, NJ 07901 — photo 7 of 10](https://realestaterebatesnewyork-bucket.nyc3.cdn.digitaloceanspaces.com/5e9bdfcd-5eed-4397-9f1d-7e09c1ed440d.jpg) ![40 Prospect Street, Canoe Brook, NJ 07901 — photo 8 of 10](https://realestaterebatesnewyork-bucket.nyc3.cdn.digitaloceanspaces.com/0f8f541a-ae23-43cd-b891-bda1c05af504.jpg) ![40 Prospect Street, Canoe Brook, NJ 07901 — photo 9 of 10](https://realestaterebatesnewyork-bucket.nyc3.cdn.digitaloceanspaces.com/6a6b36ac-0386-4b93-9f76-b76e716f53d9.jpg) ![40 Prospect Street, Canoe Brook, NJ 07901 — photo 10 of 10](https://realestaterebatesnewyork-bucket.nyc3.cdn.digitaloceanspaces.com/c40694a2-a470-4e93-9b50-465c2a2c34a2.jpg) ## Property Overview Introducing 40 Prospect Street - a rare opportunity in the heart of the highly desirable Summit, NJ! This longstanding 3BR/1.5BA colonial sits on an oversized lot and is ready for complete modern renovation / rebuild! Positioned in a quiet tree-lined neighborhood, this home is just minutes from downtown Summit and its restaurants, shopping, and direct rail service to NYC via NJ Transit. This property offers a combination of prime location, property size, top-rated schools, and more in one of Union County's most sought-after neighborhoods. To all homeowners and homebuilders, this is truly one with plenty of potential for its next chapter. Strictly ''AS IS'' sale, buyer responsible for C/O ## Property Details - **Property Type**: Single Family Residence - **Beds**: 3 - **Total Baths**: 2 - **Rooms**: 7 - **Sqft**: 1,940 sqft - **Stories**: 2 - **Year Built**: 1923 - **Price per Sqft**: $876 - **Monthly Taxes**: $1,253 / mo - **Listed On**: Nov 21, 2025 - **Days on Market**: 296 Days ### Residence Features - Wall Unit(s) - Window Unit(s) - Baseboard - Radiant - Baseboard Hotwater - Dishwasher - Dryer - Electric Range/Oven - Microwave - Refrigerator - Range - Washer - Gas Water Heater - Carpet - Ceramic Tile - Wood - Full - Daylight - Storage Space - Laundry Facilities - 1 Car Width - Garage - Detached - Deck - Entrance Foyer - Kitchen - Bath Half - Living Room - Den - Dining Room - 1 Bedroom - 2 Bedrooms - 3 Bedrooms - Bath Full - See Remarks - Asphalt - Colonial - Deck - Electricity Connected - Natural Gas Connected - Natural Gas - Public - Public Sewer - Eat-in Kitchen - Formal Dining Room ## Estimated Monthly Payment **$9,849 / month**, assuming a 20% down payment ($340,000), a 6.5% interest rate and a 30-year term. The page's calculator lets a buyer change all three. - **Principal & Interest**: $8,596 - **Property Taxes**: $1,253 Estimates only. Actual payments may vary. Confirm terms with your lender. ## Summit City Explore more real estate and insights about Summit City. [Explore Summit City](https://realestaterebatesnewyork.com/neighborhoods/nj/union/summit-city) · [All Neighborhoods](https://realestaterebatesnewyork.com/neighborhoods) ## Related Links - [Summit City neighborhood guide](https://realestaterebatesnewyork.com/neighborhoods/nj/union/summit-city) - [Estimate your Buyer Commission Share and closing costs](https://realestaterebatesnewyork.com/calculators/buyer-closing-cost-calculator) - [Contact Régis Roumila](https://realestaterebatesnewyork.com/contact) --- > Listing data is provided in part from the Internet Listing Display (ILD) database of the All Jersey Multiple Listing System, Inc. (AJMLS). Listings held by brokerage firms other than the site owner are identified accordingly. AJMLS does not warrant the accuracy, quality, reliability, completeness, or usefulness of the information provided. Data is for consumers’ personal, non-commercial use only and may be used solely to identify properties consumers may be interested in purchasing or renting. © 2026 All Jersey Multiple Listing System, Inc. All rights reserved. > All information furnished regarding property for sale, rental or financing is from sources deemed reliable, but no warranty or representation is made as to the accuracy thereof and same is submitted subject to errors, omissions, change of price, rental or other conditions, prior sale, lease or financing or withdrawal without notice. All dimensions are approximate. For exact dimensions, you must hire your own architect or engineer and the number of bedrooms listed is for informational purposes and is not a legal conclusion. Please consult with your own architect or engineer for exact dimensions and legal specifications.