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Christina Gibbons Group Represents $3M Single Family Sale In Old Tappan, NJ

Property Image
SOLD
$3,000,000

New Jersey

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Single Family Residence10,170 SF
Sold 07/14/2020
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Property Image
SOLD

Christina Gibbons Group Represents $3M Single Family Sale In Old Tappan, NJ

39 Oconnors Lane, Old Tappan, NJ, USA

See Similar Deals
Single Family Residence10,170 SF
Sold 07/14/2020
the dealplayerscompscontact
Contact now

Summary

NEW JERSEY
Asset Type:Single Family Residence
Price Per Square Foot:$295
Total Square Footage:10,170 SF
Transaction Type:Sale

A single-family home located at 39 O'Connor's Lane in Old Tappan, NJ, has been sold for $3,000,000. The property spans across 10,170 square feet and is situated on a 3.5-acre lot. With a price per square foot of $295, the home is valued at approximately $857,143 per acre.

Summary of transaction details

  • Property Type: Single Family
  • Transaction Amount: $3,000,000
  • Address: 39 O'Connor's Lane, Old Tappan, NJ
  • Market: Old Tappan, NJ
  • Square Footage: 10,170
  • Price per Square Foot: $295
  • Acreage: 3.5
  • Price per Acre: $857,143

The buyer and seller were represented by Christina Gibbons. For any real estate needs, interested parties can contact Christina Gibbons at 917-837-8853 or via email at [email protected]. More information is available on Christina's website at http://Christinagibbonsgroup.com.

Players

Christina Gibbons
Christie's International Real Estate
Christina Gibbons
8 deals$25.8M volume
BROKER

Details

SOLD
IMAGE: Christina Gibbons DATE: 07/14/2021 ADDRESS: 39 O'Connor's Lane MARKET: Old Tappan, NJ ASSET TYPE: Single Family BUYER & SELLER'S REP: Christina Gibbons (@CirenNJ) (@ChristinaGibbonsGroup) SALE PRICE: $3,000,000 SF: 10,170 ~ PPSF: $295 ACRE: 3.5 ~ PPA: $857,143 NOTE: If you are thinking of buying or selling, contact Christina Gibbons to discuss your real estate needs. Cell: 917-837-8853 Email: [email protected] Website: http://Christinagibbonsgroup.com

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

$160,000.01

Debt Service Coverage Ratio (DSCR)

0.94x

Cap Rate

5.33%

Cash Flow (Annual)-$10,658.36
Cash-on-Cash Return-1.27%
Monthly Debt Service$14,221.53
Annual Debt Service$170,658.37