Palwinder Singh And Aditya Shah Acquire Development Site In Jamaica For $3.6M
SOLD
New York
See Similar DealsDevelopment Site6,000 SF
Sold 08/19/2025
SOLD
Palwinder Singh And Aditya Shah Acquire Development Site In Jamaica For $3.6M
177 06 Wexford Terrace
See Similar DealsDevelopment Site6,000 SF
Sold 08/19/2025
Summary
NEW YORK
Asset Type:Development Site
Price Per Square Foot:$600
Total Square Footage:6,000 SF
Transaction Type:Sale
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
Details
Stay in the Know
Subscribe for insider commercial real estate news, deal highlights, and market insights—delivered straight to your inbox.
By subscribing, you agree to our Terms of Service and Privacy Policy.
Similar Deals
Contact
Get in touch with the broker you want
Suggestions
CRE CalculatorAnalyze deals based on income, expenses, and financing. We automatically filled the calculator with data from the deal you are viewing, fill free to modify it to see how it affects the results.
Deal Type
30 years
10 years
Operating Income
Operating Expenses (Annual)
Net Operating Income (NOI)
$192,000.00
Debt Service Coverage Ratio (DSCR)
0.94x
Cap Rate
5.33%
Cash Flow (Annual)-$12,790.04
Cash-on-Cash Return-1.27%
Monthly Debt Service$17,065.84
Annual Debt Service$204,790.04
Is there something missing? Send suggestions