Michael Todaro Of Serhant Represents Buyer In Sale Of Franklin Lakes Single Family For $2.4M
SOLD
$2,400,000
New Jersey
See Similar DealsSingle Family Residence5,800 SF
Sold 01/28/2026
SOLD
Michael Todaro Of Serhant Represents Buyer In Sale Of Franklin Lakes Single Family For $2.4M
740 Van Houten Avenue
See Similar DealsSingle Family Residence5,800 SF
Sold 01/28/2026
Summary
NEW JERSEY
Asset Type:Single Family Residence
Price Per Square Foot:$413
Total Square Footage:5,800 SF
Transaction Type:Sale
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.
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Deal Type
30 years
10 years
Operating Income
Operating Expenses (Annual)
Net Operating Income (NOI)
$127,999.99
Debt Service Coverage Ratio (DSCR)
0.94x
Cap Rate
5.33%
Cash Flow (Annual)-$8,526.70
Cash-on-Cash Return-1.27%
Monthly Debt Service$11,377.22
Annual Debt Service$136,526.69
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