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70 West River Road

Updated Dec 4, 2024

David Ten Hoeve & Courtney Zanetich Facilitate $9M Land Sale In Rumson
SOLDLand

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

David Ten Hoeve

Keller Williams Realty

Broker

$26.2M

vol

4 deals

Broker

Rumson 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

1.76%

Cash-on-Cash

-0.50%

Monthly Payment

$14,164

Annual Debt Svc

$169,964

Annual Cash Flow

$-11,334

DSCR

0.93

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