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Barri Plawker Facilitates $1.57M Land Sale In Englewood Cliffs
SOLD
$1,575,000
New Jersey
See Similar DealsLand
Sold 04/18/2024
SOLD
Barri Plawker Facilitates $1.57M Land Sale In Englewood Cliffs
33 Stephan Drive
See Similar DealsLand
Sold 04/18/2024
Summary
NEW JERSEY
Asset Type:Land
Transaction Type:Sale
33 Stephan Drive in Englewood Cliffs, a vacant land property, was sold for $1,575,000. The transaction, led by Barri Plawker of Howard Hanna Rand Realty, resulted in a price per lot square foot of $105 for the 15,049-square-foot parcel.
Summary of transaction details:
- Property Type: Land
- Transaction Amount: $1,575,000
- Address: 33 Stephan Drive
- Market: Englewood Cliffs
- Lot Square Footage: 15,049
- Price Per Lot Square Foot: $105
Barri Plawker from Howard Hanna Rand Realty played a crucial role in facilitating the sale of 33 Stephan Drive in Englewood Cliffs.
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Deal Type
30 years
10 years
Operating Income
Operating Expenses (Annual)
Net Operating Income (NOI)
$84,000.00
Debt Service Coverage Ratio (DSCR)
0.94x
Cap Rate
5.33%
Cash Flow (Annual)-$5,595.64
Cash-on-Cash Return-1.27%
Monthly Debt Service$7,466.30
Annual Debt Service$89,595.64
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