Updated Sep 23, 2026
Jacob Schwimmer Of JCS Realty Acquires Industrial Property At 10-11 46th Avenue For $12M
10-11 46th Avenue
$12,000,000
$2,526/SF
Building Size
4,750 SF
Asset Type
Industrial
Closing
Sep 8, 2026
About this deal
AI
An industrial property located at 10-11 46th Avenue in Hunters Point, Queens, has been acquired for $12 million. The asset encompasses a total square footage of 4,750, resulting in a price per square foot of $2,526.
Summary of transaction details:
- Property Type: Industrial
- Transaction Amount: $12,000,000
- Buyer: Jacob Schwimmer - JCS Realty
- Seller: Heidi Holterbosch
- Closing Date: September 8, 2026
- Square Footage: 4,750
- Price Per Square Foot: $2,526
Jacob Schwimmer, representing JCS Realty, spearheaded the acquisition of the property from seller Heidi Holterbosch. The transaction highlights the activity within the industrial market of Queens, particularly in the Hunters Point area.
On the Map
$12,000,000
$2,526/SF
Industrial
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Long Island City Industrial Market Snapshot
Boundary boundary · Industrial · Sale transactions
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Purchase Price
Annual NOI
Loan Amount
Interest Rate (%)
Loan Term (yrs)
Down Payment (%)
Cap Rate
1.32%
Cash-on-Cash
-0.38%
Monthly Payment
$14,164
Annual Debt Svc
$169,964
Annual Cash Flow
$-11,334
DSCR
0.93