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177 06 Wexford Terrace

Palwinder Singh And Aditya Shah Acquire Development Site In Jamaica For $3.6M
SOLDDevelopment Site

Palwinder Singh And Aditya Shah Acquire Development Site In Jamaica For $3.6M

177 06 Wexford Terrace

$3,600,000

$600/SF

Building Size

6,000 SF

Asset Type

Development Site

Closing

Aug 18, 2025

AI

The asset involved in the transaction is a development site located at 177-06 Wexford Terrace in Jamaica. The sale price for the site was $3,600,000, with a total area of 6,000 square feet, resulting in a price per square foot of $600.

Summary of transaction details:

  • Property Type: Development Site
  • Transaction Amount: $3,600,000
  • Square Footage: 6,000
  • Price Per Square Foot: $600
  • Buyer: Palwinder Singh & Aditya Shah
  • Seller: Ridwan Kabir
  • Date of Transaction: 8/19/2025

The transaction involved buyers Palwinder Singh and Aditya Shah purchasing the property from seller Ridwan Kabir. The deal reflects the interest in development opportunities within the Jamaica market.

Players

Palwinder Singh

Buyer

$17.1M

vol

3 deals

Buyer

Ridwan Kabir

Seller

$17.7M

vol

3 deals

Seller

Jamaica 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

4.41%

Cash-on-Cash

-1.26%

Monthly Payment

$14,164

Annual Debt Svc

$169,964

Annual Cash Flow

$-11,334

DSCR

0.93