Richard Orlando, Rosemarie Campi & Jason Pierce Represent Sale Of Alpine Single Family Home For $16.7M
4 Stone Tower Drive
$16,700,000
$732/SF
Building Size
22,800 SF
Asset Type
Single Family
Closing
Jul 17, 2024
AI
A four-story single-family property located at 4 Stone Tower Drive in Alpine, New Jersey, has been sold for $16.7 million. The home covers an area of 22,800 square feet and is situated on 4 gated acres. It features extensive amenities including a two-lane bowling alley, wine cellar, and tennis court, with a listing price that initially was set just under $20 million.
Summary of transation details:
- Property Type: Single Family
- Transaction Amount: $16,700,000
- Square Footage: 22,800
- Address: 4 Stone Tower Drive
- Market: Alpine
- Price Per Square Foot: $732
Richard Orlando, Rosemarie Campi from RosemarieCampirealestate, and Jason Pierce from Prominent Properties Sotheby's International Realty represented the buyers in this transaction, highlighting the involvement of prominent professionals in the real estate market during this significant sale.
Players
Alpine 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
0.95%
Cash-on-Cash
-0.27%
Monthly Payment
$14,164
Annual Debt Svc
$169,964
Annual Cash Flow
$-11,334
DSCR
0.93