SOLDDevelopment Site
29 37 41st Ave
29 37 41st Ave
$8,300,000
Building Size
—
Asset Type
Development Site
Closing
Oct 28, 2011
AI
The property involved in the transaction is a development site located at 29 37 41st Ave, situated in the Avenue market. The sale was finalized for a total of $8,300,000.00.
Summary of transaction details:
- Property Type: Development Site
- Transaction Amount: $8,300,000.00
- Address: 29 37 41st Ave
- Market: Avenue
- Buyer: Steve Cheung
- Brokers: Evan Daniel from Modern Spaces
In this transaction, Evan Daniel represented the buyer, Steve Cheung, facilitating the acquisition of the development site within the specified market area.
Players
Avenue 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
1.91%
Cash-on-Cash
-0.55%
Monthly Payment
$14,164
Annual Debt Svc
$169,964
Annual Cash Flow
$-11,334
DSCR
0.93