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67 Montview Avenue

Updated Dec 4, 2024

Nest Seekers Acquires Land In Millburn For $1.55M With EXP Realty Seller's Rep
SOLDLand

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

Simon Westfall-Kwong

EXP Realty

Broker

$2.9M

vol

2 deals

Broker

Short Hills 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

10.23%

Cash-on-Cash

-2.92%

Monthly Payment

$14,164

Annual Debt Svc

$169,964

Annual Cash Flow

$-11,334

DSCR

0.93

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