Updated Sep 9, 2024
Sai Jing Chen Acquires Development Site In Jamaica From Maharani Pokhai For $2.75M
89-10 150th Street, Jamaica, NY 11435, USA
$2,750,000
$94/SF
Building Size
29,184 SF
Asset Type
Development Site
Closing
Jul 29, 2020
About this deal
AI
A development site located at 89-10 150th Street in Jamaica, NYC has been sold. The transaction took place on 07/29/2021 and was facilitated by Alexandre Goulet and Anand Melwani from Landair Property Advisors. The buyer, Sai Jing Chen, purchased the property from Maharani Pokhai for a sale price of $2,750,000. The site has a building square footage (BSF) of 29,184 and a price per BSF (PPBSF) of $94. It is situated in the Jamaica market.
Summary of transation details
- Property Type: Development Site
- Transaction Amount: $2,750,000
- Address: 89-10 150th Street, Jamaica
- Market: Jamaica
- BSF: 29,184
- PPBSF: $94
It's worth mentioning that Landair Property Advisors, founded in 2020, specializes in the sale of development sites in NYC. They offer their expertise in land and air rights transactions, ensuring optimal value for their clients. If you are interested in buying or selling a development site, you can contact them at (646) 559-4700 or via email at [email protected].
Players
New York 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
5.77%
Cash-on-Cash
-1.65%
Monthly Payment
$14,164
Annual Debt Svc
$169,964
Annual Cash Flow
$-11,334
DSCR
0.93