Updated Dec 4, 2024
Grazyna Ziarko Of Christie's International Real Estate Represents Buyer In $6.1M Mahwah Sale
10 Farmstead Road
$6,100,000
$420/SF
Building Size
14,500 SF
Asset Type
Single Family
Closing
Oct 16, 2024
About this deal
AI
The colonial manor located at 10 Farmstead Road in Mahwah encompasses 14,500 square feet and is classified as a single-family asset. The property was sold for $6,100,000, which constitutes the highest-priced sale in the area year-to-date.
Summary of transaction details:
- Property Type: Single Family
- Transaction Amount: $6,100,000
- Address: 10 Farmstead Road
- Market: Mahwah
- Buyer's Representative: Grazyna Ziarko - Christie's International Real Estate
- Seller's Representative: Dennis McCormack - Prominent Properties Sotheby's International Realty
The buyer of the property was represented by Grazyna Ziarko from Christie's International Real Estate Group, while the seller was represented by Dennis McCormack from Prominent Properties Sotheby's International Realty. This transaction highlights their involvement in facilitating one of the most significant property dealings in the region.
On the Map
$6,100,000
$420/SF
Single Family
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Players
Mahwah Single Family Market Snapshot
Boundary boundary · Single Family · Sale transactions
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Purchase Price
Annual NOI
Loan Amount
Interest Rate (%)
Loan Term (yrs)
Down Payment (%)
Cap Rate
2.60%
Cash-on-Cash
-0.74%
Monthly Payment
$14,164
Annual Debt Svc
$169,964
Annual Cash Flow
$-11,334
DSCR
0.93