Updated Oct 28, 2024
Richard Kurtz Sells 6-acre Single Family Property In Alpine, NJ For $27.5M Represented By Dennis McCormack - Prominent Properties Sotheby’s International Realty
1 Frick Dr, Alpine, New Jersey 07620, United States
$27,500,000
$916/SF
Building Size
30,000 SF
Asset Type
Single Family Residence
Closing
Jan 24, 2022
About this deal
AI
A single-family property located at 1 Frick Dr in Alpine, NJ has been sold for a price of $27,500,000. The property spans across 6 acres and has a total square footage of 30,000. The selling price per square foot is calculated at $917.
Summary of transaction details
- Property Type: Single Family
- Transaction Amount: $27,500,000
- Address: 1 Frick Dr, Alpine, NJ
- Market: Alpine, NJ
- Acreage: 6
The seller of the property is Richard Kurtz, representing Kamson Corp. The broker involved in the deal is Dennis McCormack, from Prominent Properties Sotheby’s International Realty.
On the Map
$27,500,000
$916/SF
Single Family Residence
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Players
Alpine Single Family Residence Market Snapshot
Boundary boundary · Single Family Residence · Sale transactions
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Deal FAQ
About $916 per square foot on a published $27.5M for 30,000 square feet (2022).
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Purchase Price
Annual NOI
Loan Amount
Interest Rate (%)
Loan Term (yrs)
Down Payment (%)
Cap Rate
0.58%
Cash-on-Cash
-0.16%
Monthly Payment
$14,164
Annual Debt Svc
$169,964
Annual Cash Flow
$-11,334
DSCR
0.93