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
Alpine Single Family Residence Market Snapshot
Boundary boundary · Single Family Residence · Sale transactions
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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