facebook

traded

+ Submit
Home

/

Deals

/

New York

/

Development Site

/

Sale

/

92-09 Union Hall Street

Stephen Mash Acquires Development Site At 92-09 Union Hall Street From Jason Shen For $1.25M
SOLDDevelopment Site

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:

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

Alexandre Goulet

Landair Advisors

Broker

$163.2M

vol

45 deals

Broker

Jamaica Development Site Market Snapshot

Boundary boundary · Development Site · Sale transactions

Loading comparables…

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