Updated Dec 4, 2024
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:
- Property Type: Farm
- Transaction Amount: $1,800,000
- Address: 299 Route 537
- Market: Colts Neck
- Area: 6.85 acres
- Square Footage: 3,887
- Buyer's Rep: Kim Rothberg - Neuhaus Realty
- Seller's Rep: Jeanette Sheffer - Berkshire Hathaway HomeServices Fox & Roach
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
Colts Neck Farm Market Snapshot
Boundary boundary · Farm · Sale transactions
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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