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.
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