---
title: "40 Prospect Street, Canoe Brook, NJ 07901"
description: "40 Prospect Street, Canoe Brook, NJ 07901 — NYC real estate listing on Real Estate Rebate Team. Priced at $1,700,000. Est. potential buyer savings up to $42,500 (subject to buyer-broker compensation received, lender approval, and applicable law)."
url: "https://realestaterebatesnewyork.com/buy/newjersey/summit/07901/40-prospect-street-nj-07901"
source: "Real Estate Rebate Team"
---

# 40 Prospect Street, Canoe Brook, NJ 07901

> **Listing Courtesy of:** EXP REALTY, LLC

## Description

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

- **Price**: $1,700,000
- **Potential Buyer Rebate**: $42,500
- **Bedrooms**: 3
- **Bathrooms**: 1 full, 1 half
- **Living Area**: 1,940 sqft
- **Property Type**: Residential
- **Year Built**: 1923
- **Neighbourhood**: Summit City
- **Area / Borough**: Summit
- **Subdivision**: Canoe Brook
- **Listing Office**: EXP REALTY, LLC
- **State**: NJ

## Estimated Potential Buyer Savings

Real Estate Rebate Team estimates potential buyer savings of up to **$42,500** at closing.

*Estimated by Real Estate Rebate Team. Subject to buyer-broker compensation received, lender approval, transaction terms, and applicable law. Not all listings qualify.*

## Related Links

- [Neighbourhood guide](https://realestaterebatesnewyork.com/neighborhoods//neighborhoods/nj/union/summit-city)
- [Calculate your exact cash back and book a showing here](https://realestaterebatesnewyork.com/calculators/buyer-closing-cost-calculator)
- [Contact Regis Roumila for more details](https://realestaterebatesnewyork.com/contact)

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> This advertisement does not suggest that the broker has a listing in this property or properties or that any property is currently available.