Updated Sep 5, 2024
Fallivene Agency Inc Acquires Land In Fairfield Township For $2.2M
404 Fairfield Road
$2,200,000
Building Size
—
Asset Type
Land
Closing
Nov 30, 2022
About this deal
AI
A land in Fairfield Township has been sold for a price of $2,200,000. The property is located at 404-412 Fairfield Rd. The transaction took place on November 30, 2022. The asset type of the property is land.
Summary of transaction details
- Property Type: Land
- Transaction Amount: $2,200,000
The sale of this property was represented by Glenn Fallivene and Anthony Michelotti from Fallivene Agency Inc.
The land sale at 404 Fairfield Road in Fairfield, New Jersey sold for $2.2M in 2022. 404 Fairfield Road is classified as Land on Traded. Glenn Fallivene, Anthony Michelotti, Fallivene Agency appear on the sale alongside Fallivene Agency. This page is the Fairfield, New Jersey file for the 404 Fairfield Road land sold: pricing, party profiles, and other closed land comps from the same Fairfield sit in the Market section below. Filter that Fairfield land set by closing date to see what else sold near 404 Fairfield Road around 2022. Published consideration for 404 Fairfield Road is $2.2M, dated 2022. Cite this Fallivene Agency Inc Acquires Land In Fairfield Township For $2.2M sale when underwriting similar land product around Fairfield, New Jersey.
Players
Fairfield 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