Charlie Blaichman Acquires Development Site At 587 591 3rd Ave From JT Tai For $18M
587 591 3rd Ave
$18,000,000
Building Size
—
Asset Type
Development Site
Closing
Sep 1, 2014
AI
The property involved in this transaction is a development site located at 587 591 3rd Ave, New York. The transaction was executed at a price of $18,000,000.00.
Summary of transaction details:
- Property Type: Development Site
- Transaction Amount: $18,000,000.00
- Address: 587 591 3rd Ave
- Market: New York
- Buyer: Charlie Blaichman
- Seller: JT Tai
- Brokers: Robert Khodadadian - Skyline Properties
Key individuals involved in this transaction include the buyer, Charlie Blaichman, and the seller, JT Tai. The deal was facilitated by broker Robert Khodadadian, representing Skyline Properties.
Players
New York 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
0.88%
Cash-on-Cash
-0.25%
Monthly Payment
$14,164
Annual Debt Svc
$169,964
Annual Cash Flow
$-11,334
DSCR
0.93