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54 Grove Avenue

Bony Parikh Acquires Single Family Home At 54 Grove Avenue From Alfred Silva For $1.325M
SOLDSingle Family Residence

Bony Parikh Acquires Single Family Home At 54 Grove Avenue From Alfred Silva For $1.325M

54 Grove Avenue

$1,325,000

$290/SF

Building Size

4,557 SF

Asset Type

Single Family Residence

Closing

Jan 8, 2026

AI

The asset involved in this transaction is a single-family home located at 54 Grove Avenue in the East Hanover market. The sale price for the property was $1,325,000, and it has a total square footage of 4,557, which equates to a price per square foot of $290.

Summary of transaction details:

  • Property Type: Single Family
  • Transaction Amount: $1,325,000
  • Address: 54 Grove Avenue
  • Market: East Hanover
  • Square Footage: 4,557
  • Price per Square Foot: $290
  • Buyer: Bony Parikh
  • Seller: Alfred Silva
  • Buyer's Representative: The MTGroup - Realty of America

In this transaction, Bony Parikh was the buyer, while Alfred Silva acted as the seller. The buyer was represented by The MTGroup from Realty of America, which facilitated the deal. This transaction showcases the collaboration between the buyer's representative and the seller to complete the sale.

Players

Meilyn Torres

EXP Realty

Broker

$12.7M

vol

3 deals

Broker

East Hanover 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

11.97%

Cash-on-Cash

-3.42%

Monthly Payment

$14,164

Annual Debt Svc

$169,964

Annual Cash Flow

$-11,334

DSCR

0.93