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10 Farmstead Road

Grazyna Ziarko Of Christie's International Real Estate Represents Buyer In $6.1M Mahwah Sale
SOLDSingle Family

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

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:

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.

Players

Dennis McCormack

Sotheby's International Realty

Broker

$33.6M

vol

2 deals

Broker

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