Updated Oct 28, 2024
Rvmim LLC Acquires Development Site On East 189th St In Belmont For $5M
711 East 189th Street, Belmont
$5,000,000
$106/SF
Building Size
46,872 SF
Asset Type
Development Site
Closing
Jun 6, 2022
About this deal
AI
A development site located at 711 East 189th Street in Belmont has been sold for $5,000,000. The property measures 46,872 square feet and the price per square foot was $106. The transaction took place on 06/07/2022, with Rvmim LLC purchasing the property from Vijay Gogia.
Summary of transaction details:
- Property Type: Development Site
- Transaction Amount: $5,000,000
- Address: 711 East 189th Street, Belmont
- Market: Belmont
- Buyer: Rvmim LLC
- Seller: Vijay Gogia
- Building Square Footage: 46,872
- Price per Square Foot: $106
Rvmim LLC, represented by their broker, was the buyer in this transaction.
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
3.17%
Cash-on-Cash
-0.91%
Monthly Payment
$14,164
Annual Debt Svc
$169,964
Annual Cash Flow
$-11,334
DSCR
0.93