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93-22 Jamaica Avenue, Queen...

Updated Dec 21, 2023

David Graber Acquires Commercial Property On Jamaica Avenue In Woodhaven, Queens For $7.7M
SOLDCommercial

David Graber Acquires Commercial Property On Jamaica Avenue In Woodhaven, Queens For $7.7M

93-22 Jamaica Avenue, Queens, New York 11421, United States

$7,745,625

$373/SF

Building Size

20,750 SF

Asset Type

Commercial

Closing

Jun 9, 2022

About this deal

AI

A commercial property located at 93-22 Jamaica Avenue in Woodhaven, Queens has been sold in a recent transaction. The property is zoned as R6A, R3X, and C1-4, making it suitable for various commercial purposes.

Summary of transaction details

  • Property Type: Commercial
  • Transaction Amount: $7,745,625
  • Address: 93-22 Jamaica Avenue, Woodhaven, Queens
  • Market: Woodhaven, Queens
  • Buyer: David Graber
  • Seller: Gershon Lehrman
  • Building Square Footage: 44,784
  • Price per Square Foot: $172
  • Lot Size: 14,928
  • Lot Dimension: 120.67 ft x 130 ft
  • Permits: Alteration 2 (4/25/2014)

In this transaction, David Graber acted as the buyer, while Gershon Lehrman was the seller. The property boasts a building square footage of 44,784 and a lot size of 14,928. It is worth noting that the price per square foot for this commercial property is $172.

Players

New York Commercial Market Snapshot

Boundary boundary · Commercial · Sale transactions

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Deal FAQ

About $373 per square foot on a published $7.7M for 20,750 square feet (2022).

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Purchase Price

Annual NOI

Loan Amount

Interest Rate (%)

Loan Term (yrs)

Down Payment (%)

Cap Rate

2.05%

Cash-on-Cash

-0.59%

Monthly Payment

$14,164

Annual Debt Svc

$169,964

Annual Cash Flow

$-11,334

DSCR

0.93

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