Vitali Feldman Sells Development Site At 1-28 Skye Drive Paramus For $30 Million
SOLD
$30,000,000
New Jersey
See Similar DealsDevelopment Site
Sold 01/13/2025
SOLD
Vitali Feldman Sells Development Site At 1-28 Skye Drive Paramus For $30 Million
1 28 Skye Drive Paramus New Jersey 07652 United States
See Similar DealsDevelopment Site
Sold 01/13/2025
Summary
NEW JERSEY
Asset Type:Development Site
Transaction Type:Sale
The property involved in this transaction is a development site located at 1-28 Skye Drive in the Paramus market. The sale price for this asset was $30,000,000.
Summary of transaction details:
- Property Type: Development Site
- Transaction Amount: $30,000,000
- Address: 1-28 Skye Drive
- Market: Paramus
- Seller: Vitali Feldman
- Broker: Taylor Lucyk - Christie's International Real Estate
In this transaction, Vitali Feldman acted as the seller of the development site. Taylor Lucyk from Christie's International Real Estate represented the seller in this deal.
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Deal Type
30 years
10 years
Operating Income
Operating Expenses (Annual)
Net Operating Income (NOI)
$1,600,000.01
Debt Service Coverage Ratio (DSCR)
0.94x
Cap Rate
5.33%
Cash Flow (Annual)-$106,583.66
Cash-on-Cash Return-1.27%
Monthly Debt Service$142,215.31
Annual Debt Service$1,706,583.66
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