Updated Oct 29, 2024
Joginder Sharma Acquires Dev Site In Manhattan From Gemini Real Estate
34 W 38th St, New York, NY 10018, USA
Building Size
12,430 SF
Asset Type
Development Site
Closing
May 1, 2017
About this deal
AI
The property at 34-36 W 38th Street in New York City has been sold in a closed transaction in May, 2017. The property, classified as a Development Site, was sold for a total price of $19,250,000. The seller of the property was Gemini Real Estate, while the buyer was Joginder Sharma.
Summary of transaction details
- Property Type: Development Site
- Transaction Amount: $19,250,000
- Property Address: 34-36 W 38th Street, New York City
- Market: Manhattan
The key individuals and companies involved in this deal were Joginder Sharma, representing the buyer, and Gemini Real Estate, representing the seller.
Players
New York Development Site Market Snapshot
Boundary boundary · Development Site · Sale transactions
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Deal FAQ
Purchase Price
Annual NOI
Loan Amount
Interest Rate (%)
Loan Term (yrs)
Down Payment (%)
Cap Rate
5.80%
Cash-on-Cash
-1.66%
Monthly Payment
$14,164
Annual Debt Svc
$169,964
Annual Cash Flow
$-11,334
DSCR
0.93