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5 Saddle Horn Drive, Upper ...

Skyline Real Estate Partners Acquires SFR In Upper Saddle River, NJ For $1.9M
SOLDSingle Family Residence

Skyline Real Estate Partners Acquires SFR In Upper Saddle River, NJ For $1.9M

5 Saddle Horn Drive, Upper Saddle River, NJ 07458

$1,909,000

$212/SF

Building Size

9,000 SF

Asset Type

Single Family Residence

Closing

Dec 28, 2021

AI

Located in Upper Saddle River, NJ, the recently sold single-family home at 5 Saddle Horn Drive offers a spacious living area of 9,000 square feet. The property was sold on December 28, 2021, by the seller's representative, Sibia Mathew from REMAX Properties, for a total price of $1,909,000. With a price per square foot (PPSF) of $212, this SFR transaction showcases a valuable investment opportunity.

Summary of transaction details

  • Property Type: SFR
  • Transaction Amount: $1,909,000
  • Market: Upper Saddle River, NJ
  • Street Address: 5 Saddle Horn Drive
  • Buyer's Representative: Jon Cohen - Skyline Real Estate Partners
  • Seller's Representative: Sibia Mathew - REMAX Properties

Representing the buyer in this successful transaction was Jon Cohen, a broker from Skyline Real Estate Partners. With their expertise, the buyer was able to secure this desirable property in Upper Saddle River. On the other hand, Sibia Mathew, a representative from REMAX Properties, effectively marketed and sold the property, ensuring a smooth negotiation process for the seller.

Players

Jon Cohen

Skyline Real Estate Partners

Broker

$10M

vol

6 deals

Broker

Upper Saddle River 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

8.31%

Cash-on-Cash

-2.37%

Monthly Payment

$14,164

Annual Debt Svc

$169,964

Annual Cash Flow

$-11,334

DSCR

0.93