Giovanni Marmo Acquires Development Site In Long Island City For $1.8M
37-14 28th Street
$1,800,000
Building Size
—
Asset Type
Development Site
Closing
Nov 27, 2023
AI
The development site located at 37-14 28th Street in Long Island City has been sold in a closed transaction. The property was sold for a total of $1,800,000. The transaction took place on 11/27/2023.
Summary of transation details
- Property Type: Development Site
- Transaction Amount: $1,800,000
- Address: 37-14 28th Street
- Market: Long Island City
The buyer of the development site is Giovanni Marmo, while the seller is Maria Nicaj. The deal was facilitated by Shahriar Alom from The Bouklis Group.
Players
Long Island City 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
8.81%
Cash-on-Cash
-2.52%
Monthly Payment
$14,164
Annual Debt Svc
$169,964
Annual Cash Flow
$-11,334
DSCR
0.93