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14 Rivers Edge Dr Rumson, N...

Waterfront Property In Rumson Sells For $2.55M With Architectural Plans By Robert Adler
SOLDLand

Waterfront Property In Rumson Sells For $2.55M With Architectural Plans By Robert Adler

14 Rivers Edge Dr Rumson, NJ 07760, USA

$2,550,000

Building Size

Asset Type

Land

Closing

Sep 6, 2023

AI

A waterfront property in Rumson, New Jersey, located at 14 Rivers Edge Drive, has been sold for $2.55 million. The property spans 1.03 acres and includes architectural plans by renowned architect Robert Adler. Additionally, a newly constructed dock with riparian rights is also part of the parcel. The buyer now has the opportunity to build their dream home with panoramic westerly views on the Shrewsbury River.

Summary of transaction details

  • Property Type: Land
  • Transaction Amount: $2,550,000
  • Address: 14 Rivers Edge Drive
  • Market: Rumson
  • Acres: 1.03

Kerrin O'Brien, representing O'Brien Realty, LLC, facilitated the sale of this waterfront property. The deal showcases the excellent negotiation skills and expertise of Kerrin O'Brien in the real estate market.

Players

Kerrin O'Brien

O'Brien Realty

Broker

$4.9M

vol

2 deals

Broker

Rumson 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

6.22%

Cash-on-Cash

-1.78%

Monthly Payment

$14,164

Annual Debt Svc

$169,964

Annual Cash Flow

$-11,334

DSCR

0.93