From the Record:
Two large Alpine homes have sold for more than $10 million this summer — the priciest deals in Bergen County in more than a year, though the properties sold at much lower prices than the owners once sought.
A 22-room brick manor at 44 Rio Vista Drive was sold by Yoram and Yacobina Koby for $13.9 million. The buyer bought it through a trust to remain private, according to the listing agent.
And a 21-room stone chateau at 5 Buckingham Drive was sold for $11 million by Marc Saperstein, a personal injury lawyer who practices in Teaneck, and his wife, Shelly. The buyer, according to public records, is Frank D. Zhang.
Both transactions were cash deals.
Like other homeowners affected by the housing crash, the owners of these luxury properties accepted lower prices than they once expected. Both homes had been on the market, off and on, for years, at significantly higher prices. The Rio Vista Drive property was first listed in 2006 for $24.9 million — $11 million more than its recent sale price.
The Buckingham Drive home was first listed in 2009, for $16.5 million.
Even with the lowered sale prices, the two sales were still the only deals above $10 million in Bergen County since 2013.
Last year, the highest-priced sale in the county was for $7 million, also in Alpine, according to the New Jersey Multiple Listing Service. In 2013, there was a $10.5 million sale in Englewood and a $13.4 million sale in Alpine.