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24 Old Farms Road

Updated Dec 4, 2024

Jeanine Matthews Of Keller Williams Village Square Realty Represents Buyer In Saddle River Land Sale For $1.325M
SOLDLand

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:

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

Kristin Gildea Fox

Christie's International Real Estate

Broker

$1.3M

vol

1 deal

Broker

Saddle River 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

11.97%

Cash-on-Cash

-3.42%

Monthly Payment

$14,164

Annual Debt Svc

$169,964

Annual Cash Flow

$-11,334

DSCR

0.93

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