Vitali Feldman Of Rock Sold Developers Purchases Development Site In Paramus For $9.5M
578 Paramus Road
$9,500,000
$41/SF
Building Size
229,996 SF
Asset Type
Development Site
Closing
Jan 27, 2025
AI
The development site located at 578 Paramus Road in Paramus has a sale price of $9,500,000. The property encompasses 229,996 square feet of land, making it a significant asset in the local market.
Summary of transaction details:
- Property Type: Development Site
- Transaction Amount: $9,500,000
- Buyer: Vitali Feldman - Rock Sold Developers
- Seller: Tori Brett LLC
- Broker: Taylor Lucyk - Christie's International Real Estate
Vitali Feldman represents Rock Sold Developers in the transaction, while Taylor Lucyk from Christie's International Real Estate acts as the broker facilitating the sale for the involved parties.
Paramus 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
1.67%
Cash-on-Cash
-0.48%
Monthly Payment
$14,164
Annual Debt Svc
$169,964
Annual Cash Flow
$-11,334
DSCR
0.93