Updated Sep 2, 2026
Hilton Blanche Sells Development Site At 88-22 Sutphin Boulevard In Jamaica For $5M
88-22 Sutphin Boulevard
$4,950,000
Building Size
—
Asset Type
Development Site
Closing
Aug 23, 2026
About this deal
AI
The property involved in this transaction is a development site located at 88-22 Sutphin Boulevard in Jamaica. The sale price for this asset was $5,000,000, covering a building square footage of 58,392, which equates to a price per building square foot of $86.
Summary of transaction details:
- Property Type: Development Site
- Transaction Amount: $5,000,000
- Building Square Footage: 58,392
- Price per Building Square Foot: $86
- Seller: Hilton Blanche
- Broker: Reouven Elharar - Rosewood Realty Group
- Date of Transaction: 08/23/2026
This transaction features Hilton Blanche as the seller of the development site, with Reouven Elharar from Rosewood Realty Group acting as the broker representing the seller in this deal.
On the Map
$4,950,000
Development Site
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Jamaica Development Site Market Snapshot
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Purchase Price
Annual NOI
Loan Amount
Interest Rate (%)
Loan Term (yrs)
Down Payment (%)
Cap Rate
3.20%
Cash-on-Cash
-0.92%
Monthly Payment
$14,164
Annual Debt Svc
$169,964
Annual Cash Flow
$-11,334
DSCR
0.93