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11 Duck Pond Road

Updated Dec 4, 2024

1.5 Acre Land Parcel At 11 Duck Pond Road In Alpine Sold For $2.2 Million
SOLDLand

1.5 Acre Land Parcel At 11 Duck Pond Road In Alpine Sold For $2.2 Million

11 Duck Pond Road

$2,200,000

Building Size

Asset Type

Land

Closing

Aug 26, 2024

About this deal

AI

A 1.5-acre land parcel located at 11 Duck Pond Road in Alpine has been sold for $2.2 million. This property, situated in the Beachwood Farms section, is noted for its privacy and convenient access to New York City, as well as its proximity to top schools, shopping, and dining options.

Summary of transaction details:

The transaction was facilitated by Jeri Green, representing Prominent Properties Sotheby's International Realty, highlighting her role in the successful sale of this land parcel. The deal underscores the continuing demand for properties in the Alpine area, especially those that offer both seclusion and accessibility.

Players

Jeri Green

Sotheby's International Realty

Broker

$2.2M

vol

1 deal

Broker

Alpine 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

7.21%

Cash-on-Cash

-2.06%

Monthly Payment

$14,164

Annual Debt Svc

$169,964

Annual Cash Flow

$-11,334

DSCR

0.93

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