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Joshua Baris Sets Record With $2.4M Sale Of Cliffside Park SFR

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SOLD
$2,400,000

New Jersey

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Single Family Residence6,000 SF
Sold 06/13/2022
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SOLD

Joshua Baris Sets Record With $2.4M Sale Of Cliffside Park SFR

15 Lawton Avenue, Cliffside Park, New Jersey 07010, United States

See Similar Deals
Single Family Residence6,000 SF
Sold 06/13/2022
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Summary

NEW JERSEY
Asset Type:Single Family Residence
Price Per Square Foot:$400
Total Square Footage:6,000 SF
Transaction Type:Sale

Located at 15 Lawton Ave in Cliffside Park, NJ, this single-family residential property recently changed hands in a sale transaction. The property spans 6,000 square feet, and the sale price reached $2,400,000, resulting in a price per square foot of $400. This sale sets a new record for the highest price sale in the history of Cliffside Park, NJ.

Summary of transaction details

  • Property Type: SFR
  • Transaction Amount: $2,400,000
  • Square Footage: 6,000
  • Price per Square Foot: $400
  • Date of Sale: 06/13/2022
  • Broker: Joshua Baris - Coldwell Banker Realty
  • Market: Cliffside Park

Joshua Baris from Coldwell Banker Realty represented the buyer and/or seller in this transaction. With the sale of 15 Lawton Avenue, Baris now holds the record for the two highest-priced sales in the history of Cliffside Park, NJ.

Players

Joshua Baris
8 deals$23.4M volume(201) 741-4999
BROKER

Details

SOLD
IMAGE: Joshua Baris DATE: 06/13/2022 ADDRESS: 15 Lawton Ave MARKET: Cliffside Park ASSET TYPE: SFR BROKER: Joshua Baris (@NJLUX) - Coldwell Banker Realty SALE PRICE: $2,400,000 SF: 6,000 ~ PPSF: $400 NOTE FROM BROKER: With this sale of 15 Lawton Avenue I now hold the RECORD for the (2) HIGHEST PRICE SALES in the history of Cliffside Park, NJ.

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Deal Type
Operating Income
Operating Expenses (Annual)
Net Operating Income (NOI)

$127,999.99

Debt Service Coverage Ratio (DSCR)

0.94x

Cap Rate

5.33%

Cash Flow (Annual)-$8,526.70
Cash-on-Cash Return-1.27%
Monthly Debt Service$11,377.22
Annual Debt Service$136,526.69