Prominent Properties Sotheby's Int'l Realty Sells Paramus SFR On Howland Ave For $3.2M
194 Howland Avenue, Paramus, New Jersey 07652, United States
$3,200,000
$320/SF
Building Size
10,000 SF
Asset Type
Single Family Residence
Closing
Jun 5, 2022
AI
The recently closed transaction in Paramus involved the sale of a single-family residence located at 194 Howland Ave. The property, spanning approximately 10,000 square feet, was sold for a total price of $3,200,000, resulting in a price per square foot of $320. This transaction demonstrates the strong real estate market in Paramus.
Summary of transaction details
- Property Type: Single-Family Residence
- Transaction Amount: $3,200,000
- Square Footage: 10,000
- Price Per Square Foot: $320
- Address: 194 Howland Ave, Paramus
Taylor Lucyk and Jonathan Medina, representing Christie's International Real Estate, acted as the buyer's representatives in this transaction. On the other hand, Jason Pierce and Richard Orlando, from Prominent Properties Sotheby's International Realty, represented the seller. Their expertise and negotiation skills played a crucial role in the successful completion of this sale. It is worth highlighting the professionalism and dedication of these individuals and their respective agencies.
Players
Paramus 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
4.96%
Cash-on-Cash
-1.42%
Monthly Payment
$14,164
Annual Debt Svc
$169,964
Annual Cash Flow
$-11,334
DSCR
0.93