Updated Sep 5, 2024
Scott Scuderi Acquires Development Site On North 3rd Street In Philadelphia For $1.25M
1037-39 North 3rd Street
$1,250,000
Building Size
—
Asset Type
Development Site
Closing
Nov 30, 2022
About this deal
AI
A development site located at 1037-39 North 3rd Street in Philadelphia has been sold for a price of $1,250,000. The property offers potential for future development and represents an opportunity for the buyer, Scott Scuderi, to capitalize on the growing market in Philadelphia.
Summary of transaction details
- Property Type: Development Site
- Transaction Amount: $1,250,000
- Address: 1037-39 North 3rd Street
- Market: Philadelphia
Jason Kleinman and Shawn Witter, representing SDG Real Estate, facilitated the transaction between the buyer, Scott Scuderi, and the sellers, Tom Kuon, Luke Napoli, and Lara Napoli. As experienced brokers, Kleinman and Witter were able to guide the parties involved to a successful closing.
On the Map
$1,250,000
Development Site
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Players
PHILADELPHIA 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
12.69%
Cash-on-Cash
-3.63%
Monthly Payment
$14,164
Annual Debt Svc
$169,964
Annual Cash Flow
$-11,334
DSCR
0.93