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299 Colts Neck Road

Updated Dec 4, 2024

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

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

299 Colts Neck Road

$1,800,000

$463/SF

Building Size

3,887 SF

Asset Type

Farm

Closing

May 21, 2024

About this deal

AI

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

Broker

$1.8M

vol

1 deal

Broker

Colts Neck Farm Market Snapshot

Boundary boundary · Farm · Sale transactions

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Deal FAQ

About $463 per square foot on a published $1.8M for 3,887 square feet (2024).

Visit Berkshire Hathaway HomeServices to view all their deals.

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Purchase Price

Annual NOI

Loan Amount

Interest Rate (%)

Loan Term (yrs)

Down Payment (%)

Cap Rate

8.81%

Cash-on-Cash

-2.52%

Monthly Payment

$14,164

Annual Debt Svc

$169,964

Annual Cash Flow

$-11,334

DSCR

0.93

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