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15 Sailors Way

Updated Dec 4, 2024

David DJ Ten Hoeve & Erica Fuqua Facilitate Sale Of Red Bank Mansion For $10.25M
SOLDSingle Family

David DJ Ten Hoeve & Erica Fuqua Facilitate Sale Of Red Bank Mansion For $10.25M

15 Sailors Way

$10,250,000

$454/SF

Building Size

22,540 SF

Asset Type

Single Family

Closing

Jan 30, 2024

About this deal

AI

The property at 15 Sailors Way in Red Bank was sold for a record-setting price of $10,250,000. This single-family home spans 22,540 square feet and was the center of attention for affluent buyers due to its opulent Parisian and Dublin-themed rooms, a private dock, and upscale amenities. The estate's meticulous maintenance and coastal views near New York City contributed to its appeal in the market.

Summary of transaction details:

  • Property Type: Single Family
  • Transaction Amount: $10,250,000
  • Address: 15 Sailors Way
  • Market: Red Bank
  • SF: 22,540
  • PPSF: $455

The sale of the property was facilitated by brokers David "DJ" Ten Hoeve and Erica Fuqua from Keller Williams Realty Central Monmouth. With their expertise, they successfully closed the deal for the mansion along the Navesink River, attracting wealthy buyers interested in the luxurious lifestyle the estate offers. The exclusive features of the property, combined with the agents' representation, highlighted the desirability of this high-end real estate transaction.

Players

David Ten Hoeve

Keller Williams Realty

Broker

$26.2M

vol

4 deals

Broker

Red Bank Single Family Market Snapshot

Boundary boundary · Single Family · Sale transactions

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Deal FAQ

About $454 per square foot on a published $10.3M for 22,540 square feet (2024).

Visit David "DJ" Ten Hoeve to view all their deals.

Purchase Price

Annual NOI

Loan Amount

Interest Rate (%)

Loan Term (yrs)

Down Payment (%)

Cap Rate

1.55%

Cash-on-Cash

-0.44%

Monthly Payment

$14,164

Annual Debt Svc

$169,964

Annual Cash Flow

$-11,334

DSCR

0.93

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