Levy Family Acquires Development Site At 179-31 Tudor Road From Hochman Family For $2.35M
179 31 Tudor Road
$2,350,000
$732/SF
Building Size
3,208 SF
Asset Type
Development Site
Closing
Jul 23, 2025
AI
The property asset involved in the transaction is a development site located at 179-31 Tudor Road in Jamaica. The sale price for the property was $2,350,000, with a building square footage (BSF) of 8,400 and a price per building square foot (PPBSF) of $279. The total square footage (SF) is 3,208, with a price per square foot (PPSF) of $732.
Summary of transaction details:
- Property Type: Development Site
- Transaction Amount: $2,350,000
- Building Square Footage: 8,400
- Price per Building Square Foot: $279
- Total Square Footage: 3,208
- Price per Square Foot: $732
- Buyer: Levy Family
- Seller: Hochman Family
- Seller's Representative: Roni Yaghoobzar - Safdie Realty Group
The sale of 179-31 Tudor Road was facilitated by Roni Yaghoobzar from Safdie Realty Group, who successfully represented the seller in this transaction.
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
6.75%
Cash-on-Cash
-1.93%
Monthly Payment
$14,164
Annual Debt Svc
$169,964
Annual Cash Flow
$-11,334
DSCR
0.93