Updated Sep 9, 2024
Stone Harbor Home Sells For $12M With Nicholas Giuffre - Compass As The Broker
8808 1st Ave, Stone Harbor, NJ 08247
$12,000,000
$2,553/SF
Building Size
4,700 SF
Asset Type
Single Family Residence
Closing
Jun 24, 2023
About this deal
AI
A record-breaking closed transaction took place in Stone Harbor, New Jersey as a buyer purchased a 4,700-square-foot single-family home for $12 million. The property, located at 8808 1st Avenue, features five bedrooms, six bathrooms, an in-ground pool, and a spacious backyard. Notably, this sale surpassed the previous island record and achieved the impressive sale price without reaching the initial asking price of $13.9 million.
Summary of Transaction Details
- Property Type: Single-Family Home
- Transaction Amount: $12,000,000
- Square Footage: 4,700
- Price per Square Foot: $2,553
- Market: Stone Harbor
The transaction was facilitated by Nicholas Giuffre of Compass, who represented the buyer in this deal.
Players
New Jersey Single Family Residence Market Snapshot
Boundary boundary · Single Family Residence · Sale transactions
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Deal FAQ
About $2.6K per square foot on a published $12M for 4,700 square feet (2023).
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Purchase Price
Annual NOI
Loan Amount
Interest Rate (%)
Loan Term (yrs)
Down Payment (%)
Cap Rate
1.32%
Cash-on-Cash
-0.38%
Monthly Payment
$14,164
Annual Debt Svc
$169,964
Annual Cash Flow
$-11,334
DSCR
0.93