Updated Jan 16, 2025
Vitali Feldman Sells Development Site At 1-28 Skye Drive Paramus For $30 Million
1 28 Skye Drive Paramus New Jersey 07652 United States
$30,000,000
Building Size
—
Asset Type
Development Site
Closing
Jan 13, 2025
About this deal
AI
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.
On the Map
$30,000,000
Development Site
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Hillsdale 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
0.53%
Cash-on-Cash
-0.15%
Monthly Payment
$14,164
Annual Debt Svc
$169,964
Annual Cash Flow
$-11,334
DSCR
0.93