Updated Sep 11, 2026
$11M Contemporary Mansion In Cedar Grove Generating Speculation Of Potential Celebrity Buyer
349 Crestmont Rd Montclair, NJ 07043, USA
$11,000,000
$1,100/SF
Building Size
10,000 SF
Asset Type
Single Family
Closing
Jun 21, 2023
About this deal
AI
A contemporary mansion located at 349 Crestmont Road in Cedar Grove, New Jersey, is currently under contract. The property, situated on 2.39 acres, offers breathtaking views of New York City. Marketed by Richard Stanton of Stanton Company, this single-family home is generating speculation about a potential celebrity buyer, like Aaron Rodgers. The modern glass house features an open floor plan, gourmet kitchen, and seamless indoor-outdoor living spaces.
Summary of transaction details
- Property Type: Single Family
- Transaction Amount: $11,000,000
- Square Footage: 10,000
- Price Per Square Foot: $1,100
- Address: 349 Crestmont Road, Cedar Grove, New Jersey
- Market: Cedar Grove, Montclair
- Image: Richard Stanton
- Date: 06/21/2023
Richard Stanton of Stanton Company represents the seller in this transaction, further fueling speculation about a potential celebrity buyer.
On the Map
$11,000,000
$1,100/SF
Single Family
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Players
New Jersey 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
1.44%
Cash-on-Cash
-0.41%
Monthly Payment
$14,164
Annual Debt Svc
$169,964
Annual Cash Flow
$-11,334
DSCR
0.93