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456 Laurel Lane Terrace, Ki...

Updated Dec 21, 2023

Niu & Dubow Acquires SFR In Smoke Rise, Kinnelon For $1.3M
SOLDSingle Family Residence

Niu & Dubow Acquires SFR In Smoke Rise, Kinnelon For $1.3M

456 Laurel Lane Terrace, Kinnelon, NJ, USA

$1,265,000

$328/SF

Building Size

3,852 SF

Asset Type

Single Family Residence

Closing

Aug 11, 2021

About this deal

AI

Located in Smoke Rise, Kinnelon, the recently sold single-family residence at 456 Laurel Terrace offers a spacious living area of 3,852 square feet. The property features a charming design and is situated in a desirable neighborhood. The sale, which took place on August 12, 2021, involved a transaction amount of $1,265,000, resulting in a price per square foot of $328.

Summary of transaction details:

  • Property Type: Single-Family Residence
  • Transaction Amount: $1,265,000
  • Address: 456 Laurel Terrace
  • Market: Smoke Rise, Kinnelon

The buyer of the property was Niu & Dubow, while the seller was Passalacqua. Representing the seller were Jeff Montemarano, Jason Amendolia, and Barbara Columbia from Century 21 Preferred Realty. The property was listed with an asking price of $1,295,000. This successful transaction showcases the expertise of the involved parties in navigating the real estate market.

Players

Jason Amendolia

Century 21

Broker

$3.3M

vol

3 deals

Broker

Butler Single Family Residence Market Snapshot

Boundary boundary · Single Family Residence · Sale transactions

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Deal FAQ

About $328 per square foot on a published $1.3M for 3,852 square feet (2021).

Visit Jeff Montemarano to view all their deals.

Purchase Price

Annual NOI

Loan Amount

Interest Rate (%)

Loan Term (yrs)

Down Payment (%)

Cap Rate

12.54%

Cash-on-Cash

-3.58%

Monthly Payment

$14,164

Annual Debt Svc

$169,964

Annual Cash Flow

$-11,334

DSCR

0.93

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