Updated Feb 4, 2026
Michael Todaro Of Serhant Represents Buyer In Sale Of Franklin Lakes Single Family For $2.4M
740 Van Houten Avenue
$2,400,000
$413/SF
Building Size
5,800 SF
Asset Type
Single Family Residence
Closing
Jan 27, 2026
About this deal
AI
A single-family home located at 740 Van Houten Avenue in the Franklin Lakes market has been sold. The sale price was $2,400,000, with a total square footage of 5,800, which breaks down to a price per square foot of $413.
Summary of transaction details:
- Property Type: Single Family
- Transaction Amount: $2,400,000
- Address: 740 Van Houten Avenue
- Market: Franklin Lakes
- Square Footage: 5,800
- Price per Square Foot: $413
- Buyer's Representative: Michael Todaro - Serhant
The transaction involved Michael Todaro, who represented the buyer through the agency Serhant, facilitating the sale of the property and ensuring a smooth negotiation process.
Players
Franklin Lakes 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
6.61%
Cash-on-Cash
-1.89%
Monthly Payment
$14,164
Annual Debt Svc
$169,964
Annual Cash Flow
$-11,334
DSCR
0.93