Updated Dec 19, 2023
Marialaina Finochio-Brody Acquires Industrial Property In Jamaica For $5M
139-01 Hillside Avenue, Jamaica, NY, USA
$5,000,000
$136/SF
Building Size
36,645 SF
Asset Type
Industrial
Closing
Apr 21, 2021
About this deal
AI
The industrial property located at 139-01 Hillside Avenue in Jamaica has been sold for $5,000,000. The property has a building square footage (BSF) of 104,700 and a price per BSF of $47. The total square footage (SF) of the property is 36,645, with a price per SF of $136. The lot size is 34,892 square feet, with dimensions of 217.92 ft x 189 ft. The property falls under zoning classifications R6A, R4-1, C2-4, and DJ, allowing for various uses. The transaction took place on April 22, 2021.
Summary of transaction details
- Property Type: Industrial
- Transaction Amount: $5,000,000
- Address: 139-01 Hillside Avenue
- Market: Jamaica
- BSF: 104,700
- PPBSF: $47
- SF: 36,645
- PPSF: $136
- Lot Size: 34,892
- Lot Dimensions: 217.92 ft x 189 ft
- Zoning: R6A, R4-1, C2-4, DJ
The buyer of the property is Marialaina Finochio-Brody, while the seller is the Viola family.
Players
New York 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
3.17%
Cash-on-Cash
-0.91%
Monthly Payment
$14,164
Annual Debt Svc
$169,964
Annual Cash Flow
$-11,334
DSCR
0.93