Brian S. Kim Acquires Saddle River SFR For $4.6M
SOLD
$4,600,000
New Jersey
See Similar DealsSingle Family Residence229 SF
Sold 01/22/2021
SOLD
Brian S. Kim Acquires Saddle River SFR For $4.6M
2 Alford Drive, Saddle River, NJ, USA
See Similar DealsSingle Family Residence229 SF
Sold 01/22/2021
Summary
NEW JERSEY
Asset Type:Single Family Residence
Price Per Square Foot:$20,087
Total Square Footage:229 SF
Transaction Type:Sale
Located in Saddle River, the property at 2 Alford Drive has recently been sold. The single-family residence sits on a spacious 2.29-acre lot, providing ample space for outdoor activities.
Summary of transaction details
- Property Type: SFR
- Transaction Amount: $4,600,000
- Acres: 2.29
The buyer, represented by Brian S. Kim from Proper Estates, Inc., acquired the property on January 22, 2021. On the other hand, Diana R. Leung and Terrie O'Connor, from Terrie O'Connor Realtors-Lake St., acted as the seller's representatives in the deal.
This closed transaction showcases the successful collaboration between the buyer's representative, Brian S. Kim, and the seller's representatives, Diana R. Leung and Terrie O'Connor, in the competitive Saddle River market.
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Deal Type
30 years
10 years
Operating Income
Operating Expenses (Annual)
Net Operating Income (NOI)
$245,333.33
Debt Service Coverage Ratio (DSCR)
0.94x
Cap Rate
5.33%
Cash Flow (Annual)-$16,342.84
Cash-on-Cash Return-1.27%
Monthly Debt Service$21,806.35
Annual Debt Service$261,676.16
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