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948 Ewing Avenue

Benny Shana Purchases Single Family Home From Antoinetta Raffaele In Franklin Lakes For $1.575M
SOLDSingle Family Residence

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

Gershon Adjaye

Keller Williams NYC

Broker

$49.4M

vol

27 deals

Broker
Serhant
SerhantBrokerage

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