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1 Frick Dr, Alpine, New Jer...

Richard Kurtz Sells 6-acre Single Family Property In Alpine, NJ For $27.5M Represented By Dennis McCormack - Prominent Properties Sotheby’s International Realty
SOLDSingle Family Residence

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

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.

Players

Dennis McCormack

Sotheby's International Realty

Broker

$33.6M

vol

2 deals

Broker

Richard Kurtz

Kamson Corp.

Seller

$59.6M

vol

2 deals

Seller

Alpine Single Family Residence Market Snapshot

Boundary boundary · Single Family Residence · Sale transactions

Loading comparables…

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