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711 Cheyenne Drive

Franklin Lakes Land Sold For $1.025M With Buyer's Rep Sara Hashemi-Nasab & Seller's Rep Qizhan Yao
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

Qizhan Yao

Realmart Realty

Broker

$7.9M

vol

4 deals

Broker

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