Prominent Properties Sotheby's International Realty Sells Land Property In Closter For $1,150,000
59b Hickory Lane
$1,150,000
Building Size
—
Asset Type
Land
Closing
Oct 16, 2023
AI
A land property at 59b Hickory Lane in Closter, New Jersey, was recently sold for $1,150,000. The transaction took place on October 16, 2023. This piece of land is located in the charming market of Closter, offering potential for development or investment purposes.
Summary of transaction details
- Property Type: Land
- Transaction Amount: $1,150,000
- Address: 59b Hickory Lane, Closter, New Jersey
- Market: Closter
The buyer, Avia Blum, from Coldwell Banker, represented the purchasing party, while Jason Pierce and Richard Orlando, from Prominent Properties Sotheby's International Realty, acted as the seller's representatives. Avia Blum's expertise in the real estate market played a crucial role in successfully closing this deal.
This sale demonstrates the value and potential of this land property on Hickory Lane, presenting a promising opportunity for the buyer. The involvement of experienced professionals like Avia Blum, Jason Pierce, and Richard Orlando showcases the level of expertise and professionalism in the real estate industry.
Players
Closter 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
13.79%
Cash-on-Cash
-3.94%
Monthly Payment
$14,164
Annual Debt Svc
$169,964
Annual Cash Flow
$-11,334
DSCR
0.93