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4 Stone Tower Drive

Richard Orlando, Rosemarie Campi & Jason Pierce Represent Sale Of Alpine Single Family Home For $16.7M
SOLDSingle Family

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

Jason Pierce

Sotheby's International Realty

Broker

$56M

vol

8 deals

Broker

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