SOLDLand
Franklin Lakes Land Sold For $1.025M With Buyer's Rep Sara Hashemi-Nasab & Seller's Rep Qizhan Yao
711 Cheyenne Drive
$1,025,000
Building Size
—
Asset Type
Land
Closing
Jan 8, 2024
AI
711 Cheyenne Drive in Franklin Lakes, a vacant land property, has been sold for $1,025,000.
Summary of transaction details
- Property Type: Land
- Transaction Amount: $1,025,000
The buyer, Sara Hashemi-Nasab of United Real Estate, and the seller, Qizhan Yao of Realmart Realty, LLC, were the key individuals involved in this transaction.
Players
Franklin Lakes 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
15.48%
Cash-on-Cash
-4.42%
Monthly Payment
$14,164
Annual Debt Svc
$169,964
Annual Cash Flow
$-11,334
DSCR
0.93