Stephen Mash Acquires Development Site At 92-09 Union Hall Street From Jason Shen For $1.25M
92-09 Union Hall Street
$1,254,695
Building Size
—
Asset Type
Development Site
Closing
Oct 29, 2024
AI
The property involved in the transaction is a development site located at 92-09 Union Hall Street in Jamaica. The transaction was finalized at a sale price of $1,254,695, with a building square footage of 17,597, resulting in a price per building square foot of $71.
Summary of transation details:
- Property Type: Development Site
- Transaction Amount: $1,254,695
- Address: 92-09 Union Hall Street
- Market: Jamaica
- Building Square Footage: 17,597
- Price Per Building Square Foot: $71
- Buyer: Stephen Mash
- Seller: Jason Shen
- Brokers: Anand Melwani & Alexandre Goulet - Landair Property Advisors; Anthony Musso - Ten-X
Key individuals involved in the transaction include buyer Stephen Mash and seller Jason Shen, representing two distinct parties in the deal. The transaction was facilitated by the brokerage services of Anand Melwani and Alexandre Goulet from Landair Property Advisors, alongside Anthony Musso from Ten-X. A note from the broker expresses appreciation towards Ten-X and Anthony Musso for their efforts in successfully concluding the deal.
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
12.64%
Cash-on-Cash
-3.61%
Monthly Payment
$14,164
Annual Debt Svc
$169,964
Annual Cash Flow
$-11,334
DSCR
0.93