Updated Dec 4, 2024
Jeanine Matthews Of Keller Williams Village Square Realty Represents Buyer In Saddle River Land Sale For $1.325M
24 Old Farms Road
$1,325,000
Building Size
—
Asset Type
Land
Closing
Jul 19, 2024
About this deal
AI
A 2-acre land parcel located at 24 Old Farms Road in Saddle River has been sold for a price of $1,325,000. The property is positioned at the end of a cul de sac and is in close proximity to higher-value homes, making it a prime location for potential renovation or new construction.
Summary of transaction details:
- Property Type: Land
- Transaction Amount: $1,325,000
- Address: 24 Old Farms Road
- Market: Saddle River
- Buyer's Representative: Jeanine Matthews - Keller WilliamsVillage Square Realty
- Seller's Representative: Kristin Gildea Fox - Christie's International Real Estate
- Acres: 2
Jeanine Matthews of Keller Williams Village Square Realty represented the buyer in the transaction. Kristin Gildea Fox of Christie's International Real Estate served as the seller's representative for the deal.
Players
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Purchase Price
Annual NOI
Loan Amount
Interest Rate (%)
Loan Term (yrs)
Down Payment (%)
Cap Rate
11.97%
Cash-on-Cash
-3.42%
Monthly Payment
$14,164
Annual Debt Svc
$169,964
Annual Cash Flow
$-11,334
DSCR
0.93