Updated Jul 6, 2026
SOLDDevelopment Site
The Braver Family Acquires Development Site From BLDG Management In Jamaica For $18.5M
89-41 164th Street
$18,500,000
$78/SF
Building Size
234,590 SF
Asset Type
Development Site
Closing
May 11, 2026
About this deal
AI
The property sold is a development site located at 89-41 164th Street in Jamaica, with a total sale price of $18,500,000. The site encompasses a building square footage (BSF) of 175,943, resulting in a price per building square foot (PPBSF) of $105.
Summary of transaction details:
- Property Type: Development Site
- Transaction Amount: $18,500,000
- Buyer: The Braver Family
- Seller: BLDG Management
- Market: Jamaica
- BSF: 175,943
- PPBSF: $105
The transaction involved brokers Daniel O'Brien, Caroline Hodes, Jeff Fishman, and Danny Jones from Newmark, representing the sale between The Braver Family and BLDG Management.
On the Map
$18,500,000
$78/SF
Development Site
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Players
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
0.86%
Cash-on-Cash
-0.25%
Monthly Payment
$14,164
Annual Debt Svc
$169,964
Annual Cash Flow
$-11,334
DSCR
0.93