Summary
MARYLAND
Asset Type:Development Site
Transaction Type:Sale
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
Details
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Deal Type
30 years
10 years
Operating Income
Operating Expenses (Annual)
Net Operating Income (NOI)
$442,666.67
Debt Service Coverage Ratio (DSCR)
0.94x
Cap Rate
5.33%
Cash Flow (Annual)-$29,488.14
Cash-on-Cash Return-1.27%
Monthly Debt Service$39,346.23
Annual Debt Service$472,154.81
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