Updated Dec 21, 2023
Xiaoxing Zhao Acquires SFR In Millburn Twp., NJ For $4.5M
83 Hemlock Rd, Millburn Township, Short Hills, Millburn Township, NJ, USA
$4,488,000
$390/SF
Building Size
11,500 SF
Asset Type
Single Family Residence
Closing
Apr 13, 2020
About this deal
AI
An SFR located at 83 Hemlock Rd in Millburn Twp., NJ has been sold for a price of $4,488,000.
Summary of transaction details
- Property Type: SFR
- Transaction Amount: $4,488,000
- Buyer's Representative: Xiaoxing Zhao - Towne Realty Group, LLC
- Seller's Representative: Arlene Gonnella - Weichert Realtors
The buyer's representative for this transaction was Xiaoxing Zhao from Towne Realty Group, LLC, while the seller's representative was Arlene Gonnella from Weichert Realtors.
The single family residence sale at 83 Hemlock Rd, Millburn Township, Short Hills, Millburn Township, NJ, USA in Short Hills, New Jersey sold for $4.5M in 2020. The building is 11,500 square feet, implying about 390 per square foot on the published price. Named participants on the 83 Hemlock Rd, Millburn Township, Short Hills, Millburn Township, NJ, USA sale are Xiaoxing Zhao, Arlene Gorman Gonnella. This page is the Short Hills, New Jersey file for the 83 Hemlock Rd, Millburn Township, Short Hills, Millburn Township, NJ, USA single family residence sold: pricing, party profiles, and other closed single family residence comps from the same Short Hills sit in the Market section below. Filter that Short Hills single family residence set by closing date to see what else sold near 83 Hemlock Rd, Millburn Township, Short Hills, Millburn Township, NJ, USA around 2020. Published consideration for 83 Hemlock Rd, Millburn Township, Short Hills, Millburn Township, NJ, USA is $4.5M, dated 2020. Cite this Xiaoxing Zhao Acquires SFR In Millburn Twp., NJ For $4.5M sale when underwriting similar single family residence product around Short Hills, New Jersey.
Players
Short Hills Single Family Residence Market Snapshot
Boundary boundary · Single Family Residence · Sale transactions
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Deal FAQ
About $390 per square foot on a published $4.5M for 11,500 square feet (2020).
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Purchase Price
Annual NOI
Loan Amount
Interest Rate (%)
Loan Term (yrs)
Down Payment (%)
Cap Rate
3.53%
Cash-on-Cash
-1.01%
Monthly Payment
$14,164
Annual Debt Svc
$169,964
Annual Cash Flow
$-11,334
DSCR
0.93