Updated Sep 9, 2024
East Rutherford SFR Sells For $1.01M, Sets Record With Highest Single Family Home Sale
255 Railroad Avenue
$1,005,900
$287/SF
Building Size
3,500 SF
Asset Type
Co-Op
Closing
Sep 22, 2022
About this deal
AI
The property at 255 Railroad Ave in East Rutherford, NJ has been sold. This single-family home, with a total area of 3,500 square feet, was sold for a price of $1,005,900. With a price per square foot of $287, this transaction marks the highest ever single-family home sold in the history of East Rutherford.
Summary of transaction details
- Property Type: Single Family Home (SFR)
- Transaction Amount: $1,005,900
- Address: 255 Railroad Ave, East Rutherford, NJ
- Market: East Rutherford, NJ
- Broker: Victor Faist - Keller Williams Park Views
Victor Faist from Keller Williams Park Views represented the seller in this transaction. They facilitated the sale, achieving the highest price ever recorded for a single-family home in East Rutherford. This noteworthy achievement highlights the expertise and effectiveness of Victor Faist in the real estate market.
Players
East Rutherford Co-Op Market Snapshot
Boundary boundary · Co-Op · Sale transactions
Loading comparables…
Deal FAQ
About $287 per square foot on a published $1M for 3,500 square feet (2022).
Visit Keller Williams Realty to view all their deals.
Browse East Rutherford co op sales on Traded.
Purchase Price
Annual NOI
Loan Amount
Interest Rate (%)
Loan Term (yrs)
Down Payment (%)
Cap Rate
15.77%
Cash-on-Cash
-4.51%
Monthly Payment
$14,164
Annual Debt Svc
$169,964
Annual Cash Flow
$-11,334
DSCR
0.93