Updated Dec 21, 2023
Berkshire Hathaway HomeServices Acquires Rumson Land For $2.5M
14 Rivers Edge Drive, Rumson, New Jersey 07760, United States
$2,500,000
Building Size
—
Asset Type
—
Closing
Mar 31, 2022
About this deal
AI
The property at 14 Rivers Edge Dr in Rumson has been sold for a price of $2,500,000. The property is a 1.03-acre land. The sale of the property took place on April 1, 2022. The transaction was facilitated by Dino Marino from Berkshire Hathaway HomeServices New Jersey Properties, who represented the buyer, and Craig Wedel from RE/MAX Synergy, who represented the seller.
Summary of transaction details
- Property Type: Land
- Transaction Amount: $2,500,000
- Location: 14 Rivers Edge Dr, Rumson
- Market: Rumson
- Size: 1.03 acres
Dino Marino from Berkshire Hathaway HomeServices New Jersey Properties represented the buyer in this transaction, while Craig Wedel from RE/MAX Synergy represented the seller. They played a crucial role in ensuring the successful completion of the deal.
Players
Rumson CRE Market Snapshot
Boundary boundary · CRE · Sale transactions
Loading comparables…
Deal FAQ
Browse New Jersey sales on Traded.
Purchase Price
Annual NOI
Loan Amount
Interest Rate (%)
Loan Term (yrs)
Down Payment (%)
Cap Rate
6.35%
Cash-on-Cash
-1.81%
Monthly Payment
$14,164
Annual Debt Svc
$169,964
Annual Cash Flow
$-11,334
DSCR
0.93