Updated Dec 4, 2024
Arney Bernstein Acquires Single Family Home In Chatham, NJ For $2.01M
39 Washington Avenue
$2,010,000
$503/SF
Building Size
3,994 SF
Asset Type
Single Family
Closing
Nov 2, 2023
About this deal
AI
A single-family home located at 39 Washington Avenue in Chatham, NJ has been sold in a recent transaction. The property was listed for sale with an asking price of $1,888,777 and sold for $2,010,000, reflecting a sales price that was $121,333 higher than the initial asking price. The home spans approximately 3,994 square feet, resulting in a price per square foot of $503, making it the highest $/sq. ft. for new construction in the neighborhood. The transaction was facilitated by Amanda Nadia Abdelsayed of Keller Williams Realty Metropolitan.
Summary of transaction details:
- Property Type: Single Family
- Transaction Amount: $2,010,000
- Address: 39 Washington Avenue, Chatham, NJ
- Market: Chatham, NJ
Amanda Nadia Abdelsayed, a representative of Keller Williams Realty Metropolitan, successfully worked with the buyer, Arney Bernstein, and the sellers, Luna and Luca Shakhawala, to close this Chatham New Construction sale. Amanda specializes in assisting builders and offers consulting services throughout the construction process to ensure maximum profitability and results. For individuals interested in discussing their next new build, they can contact Amanda at [email protected].
Chatham Single Family Market Snapshot
Boundary boundary · Single Family · Sale transactions
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Deal FAQ
About $503 per square foot on a published $2M for 3,994 square feet (2023).
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Purchase Price
Annual NOI
Loan Amount
Interest Rate (%)
Loan Term (yrs)
Down Payment (%)
Cap Rate
7.89%
Cash-on-Cash
-2.26%
Monthly Payment
$14,164
Annual Debt Svc
$169,964
Annual Cash Flow
$-11,334
DSCR
0.93