Updated Dec 4, 2024
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:
- Property Type: Land
- Transaction Amount: $2,200,000
- Address: 11 Duck Pond Road
- Market: Alpine
- Asset Size: 1.5 acres
- Broker: Jeri Green - Prominent Properties Sotheby's International Realty
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.
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