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10 Sturbridge Drive

Michael Properties Golden Image Realty Acquires SFR In Woodcliff Lake For $1.265M
SOLD

Michael Properties Golden Image Realty Acquires SFR In Woodcliff Lake For $1.265M

10 Sturbridge Drive

$1,265,000

$247/SF

Building Size

5,120 SF

Asset Type

Closing

Aug 23, 2022

AI

The property involved in this sale transaction is a Single Family Residential (SFR) located at 10 Sturbridge Dr in Woodcliff Lake. The property spans a total of 5,120 square feet and was sold for a price of $1,265,000, resulting in a price per square foot of $247.

Summary of transaction details

  • Property Type: SFR
  • Transaction Amount: $1,265,000
  • Address: 10 Sturbridge Dr, Woodcliff Lake
  • Square Footage: 5,120
  • Price per Square Foot: $247

The buyer in this transaction was represented by Michael N. Todaro from Michael Properties Golden Image Realty. On the other hand, Ghada Abbasi from Coldwell Banker Ridgewood represented the seller.

Players

Michael Todaro

Serhant

Broker

$26.3M

vol

13 deals

Broker

Woodcliff Lake CRE Market Snapshot

Boundary boundary · CRE · Sale transactions

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Purchase Price

Annual NOI

Loan Amount

Interest Rate (%)

Loan Term (yrs)

Down Payment (%)

Cap Rate

12.54%

Cash-on-Cash

-3.58%

Monthly Payment

$14,164

Annual Debt Svc

$169,964

Annual Cash Flow

$-11,334

DSCR

0.93