Charlie Blaichman Acquires Development Site At 587 591 3rd Ave From JT Tai For $18M
SOLD
$18,000,000
New York
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Sold
SOLD
Charlie Blaichman Acquires Development Site At 587 591 3rd Ave From JT Tai For $18M
587 591 3rd Ave
See Similar DealsDevelopment Site
Sold
Summary
NEW YORK
Asset Type:Development Site
Transaction Type:Sale
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.
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Deal Type
30 years
10 years
Operating Income
Operating Expenses (Annual)
Net Operating Income (NOI)
$960,000.00
Debt Service Coverage Ratio (DSCR)
0.94x
Cap Rate
5.33%
Cash Flow (Annual)-$63,950.20
Cash-on-Cash Return-1.27%
Monthly Debt Service$85,329.18
Annual Debt Service$1,023,950.20
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