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48 Timberlane Road, Upper S...

Lifshotz Acquires SFR In Upper Saddle River For $2.41M
SOLD

Lifshotz Acquires SFR In Upper Saddle River For $2.41M

48 Timberlane Road, Upper Saddle River, New Jersey 07458, United States

$2,410,000

$454/SF

Building Size

5,306 SF

Asset Type

Closing

Sep 23, 2021

AI

Located at 48 Timberlane Road in the Upper Saddle River market, this single-family residential property was recently sold. The property features a total of 5,306 square feet, offering ample space for comfortable living. The sale transaction took place on September 24, 2021.

Summary of transaction details

  • Property Type: Single Family Residential
  • Transaction Amount: $2,410,000
  • Asking Price: $2,295,000
  • Price per Square Foot: $454
  • Buyer: Lifshotz
  • Broker: Diane Cookson - Compass

Diane Cookson, a representative from Compass, represented Lifshotz in the purchase of this property. The deal was successfully closed for a total price of $2,410,000, which exceeded the initial asking price of $2,295,000. This transaction highlights the strong demand and value offered by this single-family residential property in Upper Saddle River.

Players

Diane Cookson

Compass

Broker

$18.5M

vol

7 deals

Broker

Upper Saddle River 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

6.58%

Cash-on-Cash

-1.88%

Monthly Payment

$14,164

Annual Debt Svc

$169,964

Annual Cash Flow

$-11,334

DSCR

0.93