Updated Dec 4, 2024
Lightstone Group Loans $9M For Industrial Properties In Jamaica, Queens
95-08 150th Street
$9,000,000
Building Size
—
Asset Type
Industrial
Closing
Jul 8, 2020
About this deal
AI
An industrial property located at 95-08 150th Street, 95-12 149th Street, and 95-25 150th Street in Jamaica, Queens, was recently involved in a closed transaction. The property is situated in the market of Jamaica, Queens and was acquired by DL Development & Radix Capital.
Summary of transaction details:
- Property Type: Industrial
- Transaction Amount: $9,000,000
- Lender: @LightstoneGroup
- Landlord: DL Development & Radix Capital
- Brokers: Adam Hakim & James Murad - Meridian Capital Group
The loan for this transaction was provided by the Lightstone Group. The brokers representing the deal were Adam Hakim and James Murad from Meridian Capital Group.
On the Map
$9,000,000
Industrial
View full map
Players
Queens Industrial Market Snapshot
Boundary boundary · Industrial · Loan transactions
Loading comparables…
Deal FAQ
Browse Queens industrial loans on Traded.
Purchase Price
Annual NOI
Loan Amount
Interest Rate (%)
Loan Term (yrs)
Down Payment (%)
Cap Rate
1.76%
Cash-on-Cash
-0.50%
Monthly Payment
$14,164
Annual Debt Svc
$169,964
Annual Cash Flow
$-11,334
DSCR
0.93