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4 Briarcliff Road

NJ Lux Real Estate Acquires SFR In Valhalla Estates, Montville For $2.375M
SOLDSingle Family Residence

NJ Lux Real Estate Acquires SFR In Valhalla Estates, Montville For $2.375M

4 Briarcliff Road

$2,375,000

$352/SF

Building Size

6,734 SF

Asset Type

Single Family Residence

Closing

Nov 1, 2022

AI

In the Valhalla Estates neighborhood of Montville, NJ, a single-family home located at 4 Briarcliff Rd has recently been sold. The property encompasses a generous size, with a total of 6,734 square feet. It was sold for a significant price of $2,375,000, resulting in a price per square foot of $353.

Summary of Transaction Details

  • Property Type: SFR
  • Transaction Amount: $2,375,000
  • Square Footage: 6,734
  • Address: 4 Briarcliff Rd, Valhalla Estates, Montville, NJ

Josuha Baris, a broker representing NJ Lux Real Estate at Coldwell Banker Realty, facilitated the sale of 4 Briarcliff Rd. Notably, Baris has also achieved the record for the highest-priced sale in the history of Montville, NJ to date.

Players

Joshua Baris

Coldwell Banker

Broker

$23.4M

vol

8 deals

Broker

Montville Single Family Residence Market Snapshot

Boundary boundary · Single Family Residence · Sale transactions

Loading comparables…

Purchase Price

Annual NOI

Loan Amount

Interest Rate (%)

Loan Term (yrs)

Down Payment (%)

Cap Rate

6.68%

Cash-on-Cash

-1.91%

Monthly Payment

$14,164

Annual Debt Svc

$169,964

Annual Cash Flow

$-11,334

DSCR

0.93