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Vitali Feldman Sells Development Site In Haworth For $36M

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SOLD
$36,000,000

New Jersey

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Development Site
Sold 02/21/2024
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SOLD

Vitali Feldman Sells Development Site In Haworth For $36M

110 Mason Ct

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Development Site
Sold 02/21/2024
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Summary

NEW JERSEY
Asset Type:Development Site
Transaction Type:Sale

The development site located at 110 Mason Ct in Haworth was sold for $36,000,000. The transaction was facilitated by Taylor Lucyk from Christie's International Real Estate, representing seller Vitali Feldman.

Summary of transaction details:

Taylor Lucyk of Christie's International Real Estate played a key role in the successful sale of Lakeshore Estates. The deal between the parties involved showcases the expertise and negotiation skills brought to the table by the broker, ultimately leading to the completion of this significant transaction.

Players

Taylor Lucyk
10 deals$128.2M volume
BROKER

Details

SOLD
IMAGE: Vitali Feldman & Taylor Lucyk DATE: 02/21/2024 ADDRESS: 110 Mason Ct MARKET: Haworth ASSET TYPE: Development Site SELLER: Vitali Feldman (@NJRockSolid) BROKERS: Taylor Lucyk (@TaylorLucyk), (@TheTaylorLucykGroup) - Christie's International Real Estate (@ChristiesRealEstate) DEVELOPMENT: Lakeshore Estates (@LakeshoreNJ) SALE PRICE: $36,000,000

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Deal Type
Operating Income
Operating Expenses (Annual)
Net Operating Income (NOI)

$1,920,000.00

Debt Service Coverage Ratio (DSCR)

0.94x

Cap Rate

5.33%

Cash Flow (Annual)-$127,900.40
Cash-on-Cash Return-1.27%
Monthly Debt Service$170,658.37
Annual Debt Service$2,047,900.40