Updated Dec 4, 2024
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
About this deal
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.
The land sale at 711 Cheyenne Drive in Franklin Lakes, New Jersey sold for $1M in 2024. 711 Cheyenne Drive is classified as Land on Traded. Qizhan "Jack" Yao, Sara Hashemi-Nasab, United Real Estate, Realmart Realty appear on the sale alongside United Real Estate, Realmart Realty. This page is the Franklin Lakes, New Jersey file for the 711 Cheyenne Drive land sold: pricing, party profiles, and other closed land comps from the same Franklin Lakes sit in the Market section below. Filter that Franklin Lakes land set by closing date to see what else sold near 711 Cheyenne Drive around 2024. Published consideration for 711 Cheyenne Drive is $1M, dated 2024. Cite this Franklin Lakes Land Sold For $1.025M With Buyer's Rep Sara Hashemi-Nasab & Seller's Rep Qizhan Yao sale when underwriting similar land product around Franklin Lakes, New Jersey.
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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