Updated May 12, 2025
SOLDDevelopment Site
39 36 21st St
39 36 21st St
$6,100,000
Building Size
—
Asset Type
Development Site
Closing
May 8, 2007
About this deal
AI
The asset involved in this transaction is a development site located at 39 36 21st St in the Saint Maries market. The property was sold for a price of $6,100,000.00.
Summary of transaction details:
- Property Type: Development Site
- Transaction Amount: $6,100,000.00
- Address: 39 36 21st St
- Market: Saint Maries
- Buyer: Vipul Patel
- Broker: Evan Daniel - Modern Spaces
In this transaction, Vipul Patel acted as the buyer, while the brokerage firm Modern Spaces was represented by Evan Daniel in facilitating the deal.
Players
Saint Maries Development Site Market Snapshot
Boundary boundary · Development Site · Sale transactions
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Purchase Price
Annual NOI
Loan Amount
Interest Rate (%)
Loan Term (yrs)
Down Payment (%)
Cap Rate
2.60%
Cash-on-Cash
-0.74%
Monthly Payment
$14,164
Annual Debt Svc
$169,964
Annual Cash Flow
$-11,334
DSCR
0.93