Updated Dec 4, 2024
Nest Seekers Acquires Land In Millburn For $1.55M With EXP Realty Seller's Rep
67 Montview Avenue
$1,550,000
Building Size
—
Asset Type
Land
Closing
Feb 15, 2024
About this deal
AI
The land located at 67 Montview Avenue in Millburn was sold for $1,550,000. The transaction was facilitated by Laurie J. Garfinkle from Nest Seekers representing the buyer, and Simon Westfall-Kwong from EXP Realty representing the seller.
Summary of transaction details:
- Property Type: Land
- Transaction Amount: $1,550,000
- Address: 67 Montview Avenue
- Market: Millburn
- Buyer's Representative: Laurie J. Garfinkle - Nest Seekers
- Seller's Representative: Simon Westfall-Kwong - EXP Realty
Laurie J. Garfinkle from Nest Seekers played a crucial role as the buyer's representative in the acquisition of the property. On the other hand, Simon Westfall-Kwong from EXP Realty skillfully represented the seller during the transaction, ensuring a successful deal for both parties involved.
Players
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Purchase Price
Annual NOI
Loan Amount
Interest Rate (%)
Loan Term (yrs)
Down Payment (%)
Cap Rate
10.23%
Cash-on-Cash
-2.92%
Monthly Payment
$14,164
Annual Debt Svc
$169,964
Annual Cash Flow
$-11,334
DSCR
0.93