Updated Dec 21, 2023
Berkshire Hathaway HomeServices Acquires Land In Rumson, NJ For $5.7M
70 West River Road, Rumson, New Jersey 07760, United States
$5,700,000
Building Size
—
Asset Type
—
Closing
Oct 18, 2022
About this deal
AI
The property involved in this closed transaction is a land located at 70 W River Rd in Rumson, NJ. The land spans approximately 5.29 acres. The sale of this property was facilitated by Derek Debree from Berkshire Hathaway HomeServices Fox & Roach, who represented the seller, and Courtney Zanetich from Heritage House Sotheby's International Realty, who represented the buyer.
Summary of transaction details:
- Property Type: Land
- Transaction Amount: $5,700,000
- Date: 10/19/2022
- Market: Rumson, NJ
Derek Debree, the seller's representative, and Courtney Zanetich, the buyer's representative, played crucial roles in completing this transaction successfully.
Players
Rumson 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
2.78%
Cash-on-Cash
-0.80%
Monthly Payment
$14,164
Annual Debt Svc
$169,964
Annual Cash Flow
$-11,334
DSCR
0.93