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Kim Rothberg & Jeanette Sheffer Close $1.8M Sale Of Long Lane Farm, Colts Neck

Property Image
SOLD
$1,800,000
Jeanette Sheffer
KR

New Jersey

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Farm3,887 SF
Sold 05/21/2024
the dealplayerscompscontact
Property Image
SOLD

Kim Rothberg & Jeanette Sheffer Close $1.8M Sale Of Long Lane Farm, Colts Neck

299 Colts Neck Road

See Similar Deals
Farm3,887 SF
Sold 05/21/2024
Jeanette Sheffer
KR
the dealplayerscompscontact
Contact now

Summary

NEW JERSEY
Asset Type:Farm
Price Per Square Foot:$463
Total Square Footage:3,887 SF
Transaction Type:Sale

The sale involved Long Lane Farm in Colts Neck, a 3,887-square-foot farmhouse on 6.85 acres, located at 299 Route 537. The property features an 8-stall horse barn, guest house, and exquisite 18th-century charm. It was sold for $1,800,000 at a price per square foot of $463.

Summary of transaction details:

The property at Long Lane Farm was successfully transacted between the buyer's representative, Kim Rothberg from Neuhaus Realty, and the seller's representative, Jeanette Sheffer from Berkshire Hathaway HomeServices Fox & Roach. Both agents played pivotal roles in the sale of this charming farm property.

Players

Jeanette Sheffer
Berkshire Hathaway HomeServices
Jeanette Sheffer
1 deal$1.8M volume(917) 209-9376
BROKER
KR
Kim Rothberg
1 deal$1.8M volume(732) 674-3202
BROKER

Details

SOLD
IMAGE: Jeanette Sheffer DATE: 05/21/2024 ADDRESS: 299 Route 537 MARKET: Colts Neck ASSET TYPE: Farm ~ ACRES: 6.85 BUYER'S REP: Kim Rothberg - Neuhaus Realty (@NeuhausRealtynj) SELLER'S REP: Jeanette Sheffer (@Farm2shoreliving) - Berkshire Hathaway HomeServices Fox & Roach (@BHHS_FoxRoach) SALE PRICE: $1,800,000 SF: 3,887 ~ PPSF: $463 NOTE: Long Lane Farm in Colts Neck, a 3,887-square-foot farmhouse on 6.85 acres, sold for $1.8 million. The property, featuring an 8-stall horse barn, guest house, and extensive 18th-century charm, was represented by Kim Rothberg and Jeanette Sheffer.

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Deal Type
Operating Income
Operating Expenses (Annual)
Net Operating Income (NOI)

$96,000.00

Debt Service Coverage Ratio (DSCR)

0.94x

Cap Rate

5.33%

Cash Flow (Annual)-$6,395.02
Cash-on-Cash Return-1.27%
Monthly Debt Service$8,532.92
Annual Debt Service$102,395.02