Benny Shana Purchases Single Family Home From Antoinetta Raffaele In Franklin Lakes For $1.575M
948 Ewing Avenue
$1,565,000
$339/SF
Building Size
4,614 SF
Asset Type
Single Family Residence
Closing
Aug 25, 2025
AI
The property asset involved in this transaction is a single-family home located at 948 Ewing Avenue in the Franklin Lakes market. The sale price for the property was $1,575,000, and it encompasses a total of 4,614 square feet, translating to a price per square foot of $341.
Summary of transaction details:
- Property Type: Single Family
- Transaction Amount: $1,575,000
- Square Footage: 4,614
- Address: 948 Ewing Avenue
- Market: Franklin Lakes
- Buyer: Benny Shana
- Seller: Antoinetta Raffaele
- Buyer's Representative: Gershon Adjaye - Keller Williams Realty
- Seller's Representative: Michael Todaro - Serhant
This transaction featured an all-cash sale, with the buyer, Benny Shana, intending to undertake a significant full renovation of both the main property and the back structure, bringing additional changes to the existing property configuration.
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
10.14%
Cash-on-Cash
-2.90%
Monthly Payment
$14,164
Annual Debt Svc
$169,964
Annual Cash Flow
$-11,334
DSCR
0.93