Updated May 12, 2025
29 37 41st Ave
29 37 41st Ave
$8,300,000
Building Size
—
Asset Type
Development Site
Closing
Oct 28, 2011
About this deal
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.
The development site sale at 29 37 41st Ave in Avenue, Maryland sold for $8.3M in 2011. 29 37 41st Ave is classified as Development Site on Traded. Evan Daniel, Steve Cheung, Modern Spaces appear on the sale alongside Modern Spaces. This page is the Avenue, Maryland file for the 29 37 41st Ave development site sold: pricing, party profiles, and other closed development site comps from the same Avenue sit in the Market section below. Filter that Avenue development site set by closing date to see what else sold near 29 37 41st Ave around 2011. Published consideration for 29 37 41st Ave is $8.3M, dated 2011. Cite this 29 37 41st Ave sale when underwriting similar development site product around Avenue, Maryland.
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