Updated Dec 4, 2024
Joseph Zammataro Facilitates $1.2M Sale Of 2.04-Acre Land Parcel In Morris Plains
1 Jim Fear Drive
$1,200,000
Building Size
—
Asset Type
Land
Closing
Mar 28, 2024
About this deal
AI
1 Jim Fear Drive in Morris Plains is a 2.04-acre land parcel that was recently sold for $1.2 million. The transaction was facilitated by Joseph Zammataro of Re/Max Select.
Summary of transaction details:
- Property Type: Land
- Transaction Amount: $1,200,000
- Address: 1 Jim Fear Drive
- Market: Morris Plains
- Broker: Joseph Zammataro - Re/Max Select
The sale of this property showcases the successful collaboration between Joseph Zammataro of Re/Max Select and the involved parties, highlighting the expertise and professionalism involved in closing the deal.
Players
Morris Plains Land Market Snapshot
Boundary boundary · Land · Sale transactions
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Purchase Price
Annual NOI
Loan Amount
Interest Rate (%)
Loan Term (yrs)
Down Payment (%)
Cap Rate
13.22%
Cash-on-Cash
-3.78%
Monthly Payment
$14,164
Annual Debt Svc
$169,964
Annual Cash Flow
$-11,334
DSCR
0.93