Updated Sep 9, 2024
Keller Williams Realty Sells 1.32 Acre Land In Millburn Twp., NJ For $1.5M
84 Farley Rd, Millburn, NJ 07078
$1,500,000
Building Size
—
Asset Type
—
Closing
Jun 24, 2021
About this deal
AI
A 1.32-acre land located at 84 Farley Rd in Millburn Twp., NJ has been sold for $1,500,000. The transaction took place on June 24, 2021. The property was listed as an asset for sale. The market value of the land is approximately $1,136,364, calculated based on the price per acre.
Summary of transaction details:
- Property Type: Land
- Transaction Amount: $1,500,000
- Address: 84 Farley Rd, Millburn Twp., NJ
- Market: Millburn Twp., NJ
- Broker: Saritte Harel - Keller Williams Realty
- Acres: 1.32
- Price per Acre (PPA): $1,136,364
Saritte Harel from Keller Williams Realty represented the seller in this transaction.
Short Hills CRE Market Snapshot
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Purchase Price
Annual NOI
Loan Amount
Interest Rate (%)
Loan Term (yrs)
Down Payment (%)
Cap Rate
10.58%
Cash-on-Cash
-3.02%
Monthly Payment
$14,164
Annual Debt Svc
$169,964
Annual Cash Flow
$-11,334
DSCR
0.93