Updated Dec 21, 2023
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
Butler 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
12.54%
Cash-on-Cash
-3.58%
Monthly Payment
$14,164
Annual Debt Svc
$169,964
Annual Cash Flow
$-11,334
DSCR
0.93