Updated Jan 22, 2026
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
About this deal
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.
On the Map
$1,325,000
$290/SF
Single Family Residence
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Players
East Hanover Single Family Residence Market Snapshot
Boundary boundary · Single Family Residence · Sale transactions
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Deal FAQ
About $290 per square foot on a published $1.3M for 4,557 square feet (2026).
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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