Updated Oct 29, 2024
TSINY Acquires Development Site In Jamaica, Queens For $8.1M
148-15 Archer Ave Jamaica, NY 11435, USA
$8,061,617
Building Size
—
Asset Type
Development Site
Closing
May 24, 2023
About this deal
AI
TSINY has acquired a development site in Jamaica, Queens for a total sale price of $8,061,617. The property, located at 148-15 Archer Avenue & 92-18 149th Street, is a prime location within the Jamaica market.
Summary of transaction details:
- Property Type: Development Site
- Transaction Amount: $8,061,617
- Market: Jamaica, Queens
- Buyer: TSINY
- Brokers: Ryan McGuirl - Avison Young & Shenna Vaughn - Elegran
Ryan McGuirl from Avison Young and Shenna Vaughn from Elegran represented the buyer, TSINY, in this transaction. Their expertise in the market and negotiation skills were instrumental in closing the deal successfully.
On the Map
$8,061,617
Development Site
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Purchase Price
Annual NOI
Loan Amount
Interest Rate (%)
Loan Term (yrs)
Down Payment (%)
Cap Rate
1.97%
Cash-on-Cash
-0.56%
Monthly Payment
$14,164
Annual Debt Svc
$169,964
Annual Cash Flow
$-11,334
DSCR
0.93