Updated Dec 4, 2024
David Ten Hoeve & Courtney Zanetich Facilitate $9M Land Sale In Rumson
70 West River Road
$9,000,000
Building Size
—
Asset Type
Land
Closing
May 23, 2024
About this deal
AI
Located in Rumson, 70 West River Road comprises 5.29 acres of prime riverfront land, offering unparalleled opportunities for waterfront living with direct access to the Navesink River and a private boat dock. The property was sold for $9,000,000 with David Ten Hoeve from Keller Williams Realty Central representing the buyer and Courtney Zanetich from Heritage House Sotheby's International Realty representing the seller.
Summary of transaction details:
- Property Type: Land
- Transaction Amount: $9,000,000
- Address: 70 West River Road
- Market: Rumson
- Asset Type: Land
- ACRES: 5.29
- Buyer's Rep: David Ten Hoeve - Keller Williams Realty Central
- Seller's Rep: Courtney Zanetich - Heritage House Sotheby's International Realty
The sale of 70 West River Road was facilitated by David "DJ" Ten Hoeve of Keller Williams Realty Central, representing the buyer, and Courtney Zanetich of Heritage House Sotheby's International Realty, representing the seller. This transaction underscores the appeal of this exclusive property, ideal for crafting a luxurious waterfront estate or a retreat in a sophisticated, upscale neighborhood.
Players
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Purchase Price
Annual NOI
Loan Amount
Interest Rate (%)
Loan Term (yrs)
Down Payment (%)
Cap Rate
1.76%
Cash-on-Cash
-0.50%
Monthly Payment
$14,164
Annual Debt Svc
$169,964
Annual Cash Flow
$-11,334
DSCR
0.93