Michael Properties Golden Image Realty Acquires SFR In Woodcliff Lake For $1.265M
SOLD
$1,265,000
New Jersey
See Similar Deals5,120 SF
Sold 08/23/2022
SOLD
Michael Properties Golden Image Realty Acquires SFR In Woodcliff Lake For $1.265M
10 Sturbridge Drive
See Similar Deals5,120 SF
Sold 08/23/2022
Summary
NEW JERSEY
Price Per Square Foot:$247
Total Square Footage:5,120 SF
Transaction Type:Sale
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.
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Details
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Deal Type
30 years
10 years
Operating Income
Operating Expenses (Annual)
Net Operating Income (NOI)
$67,466.66
Debt Service Coverage Ratio (DSCR)
0.94x
Cap Rate
5.33%
Cash Flow (Annual)-$4,494.29
Cash-on-Cash Return-1.27%
Monthly Debt Service$5,996.75
Annual Debt Service$71,960.94
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