Simranjeet Singh Acquires Development Site In Jamaica, Queens For $3.4M
SOLD
$3,415,000
+ 3
New York
See Similar DealsDevelopment Site
Sold 01/04/2023
SOLD
Simranjeet Singh Acquires Development Site In Jamaica, Queens For $3.4M
95-25 Waltham Street
See Similar DealsDevelopment Site
Sold 01/04/2023
+ 3
Summary
NEW YORK
Asset Type:Development Site
Transaction Type:Sale
A development site located at 95-25/31 Waltham Street in Jamaica, Queens, has been sold for a price of $3,415,000. The property spans a total of 40,090 square feet, resulting in a price per square foot of $85. The transaction took place on January 4, 2023. The property was sold with approved plans and is eligible for the Affordable NY program.
Summary of transaction details
- Property Type: Dev Site
- Transaction Amount: $3,415,000
The buyer of the property is Simranjeet Singh, while Jay Lau is the seller. The brokers involved in the deal were Stephen R. Preuss Sr., Kevin Louie, Kevin Schmitz, and Andreas Efthymiou from Ripco.
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)
$182,133.32
Debt Service Coverage Ratio (DSCR)
0.94x
Cap Rate
5.33%
Cash Flow (Annual)-$12,132.79
Cash-on-Cash Return-1.27%
Monthly Debt Service$16,188.84
Annual Debt Service$194,266.11
Is there something missing? Send suggestions