Updated Dec 4, 2024
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.
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Red Bank 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
1.55%
Cash-on-Cash
-0.44%
Monthly Payment
$14,164
Annual Debt Svc
$169,964
Annual Cash Flow
$-11,334
DSCR
0.93