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89-34 162nd St Queens, NY 1...

Updated Nov 4, 2023

Joseph Yunatanov & Danielle Sarah Ben-Ishay Acquire Jamaica, Queens Hotel For $14.9M
SOLDHotel

Joseph Yunatanov & Danielle Sarah Ben-Ishay Acquire Jamaica, Queens Hotel For $14.9M

89-34 162nd St Queens, NY 11432, USA

$14,950,000

$494/SF

Building Size

30,266 SF

Asset Type

Hotel

Closing

Jul 28, 2023

About this deal

AI

The hotel building located at 89-34 162nd Street in Jamaica, Queens has been sold for a total price of $14.9 million. The property has a total square footage of 30,266 and a price per square foot of $493. The buyer of the hotel is Joseph Yunatanov and Danielle Sarah Ben-Ishay, while the seller is Rajendra R. Patel's Goldmine Management LLC. This transaction took place on 07/28/2023.

Summary of transation details

  • Property Type: Hotel
  • Transaction Amount: $14,950,000
  • Square Footage: 30,266
  • Price per Square Foot: $493
  • Address: 89-34 162nd Street, Jamaica, Queens
  • Buyer: Joseph Yunatanov & Danielle Sarah Ben-Ishay
  • Seller: Rajendra R. Patel

Joseph Yunatanov and Danielle Sarah Ben-Ishay have successfully acquired the hotel building at 89-34 162nd Street in Jamaica, Queens. The transaction was completed with the sale price of $14.9 million. This purchase was made from Rajendra R. Patel's Goldmine Management LLC. The hotel property features a total of 30,266 square feet and is located in the market of Jamaica, Queens.

Players

Jamaica Hotel Market Snapshot

Boundary boundary · Hotel · Sale transactions

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Deal FAQ

About $494 per square foot on a published $15M for 30,266 square feet (2023).

Browse Jamaica hotel sales on Traded.

Purchase Price

Annual NOI

Loan Amount

Interest Rate (%)

Loan Term (yrs)

Down Payment (%)

Cap Rate

1.06%

Cash-on-Cash

-0.30%

Monthly Payment

$14,164

Annual Debt Svc

$169,964

Annual Cash Flow

$-11,334

DSCR

0.93

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