Updated Sep 9, 2024
Roberto Tolentino Acquires Development Site In Jamaica For $2.45M With Gurpreet Singh & Chip Entwistle
91-31 175th St, Jamaica, NY 11432, USA
$2,450,000
$102/SF
Building Size
24,000 SF
Asset Type
Development Site
Closing
Nov 28, 2020
About this deal
AI
A development site located at 175-31 Jamaica Avenue in the market of Jamaica, New York, has been sold for $2,450,000. The property spans 24,000 square feet and has an approved buildable square footage. The price per buildable square foot is approximately $102. The site is zoned R6A, R4-1, and C2-4 / DJ.
Summary of transaction details
- Property Type: Development Site
- Transaction Amount: $2,450,000
- Square Footage: 24,000 SF
- Zoning: R6A, R4-1, C2-4 / DJ
- Seller: Neriya Borukhov
- Buyer: Roberto Tolentino
- Brokers: Gurpreet Singh - Chip Entwistle
Gurpreet Singh and Chip Entwistle were the brokers involved in facilitating the deal between the seller, Neriya Borukhov, and the buyer, Roberto Tolentino. The transaction represents a significant development opportunity in the Jamaica market.
Players
New York Development Site Market Snapshot
Boundary boundary · Development Site · Sale transactions
Loading comparables…
Deal FAQ
Visit Gurpreet (Sonny) Singh to view all their deals.
Browse New York development site sales on Traded.
Purchase Price
Annual NOI
Loan Amount
Interest Rate (%)
Loan Term (yrs)
Down Payment (%)
Cap Rate
6.47%
Cash-on-Cash
-1.85%
Monthly Payment
$14,164
Annual Debt Svc
$169,964
Annual Cash Flow
$-11,334
DSCR
0.93