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139-01 Hillside Avenue, Jam...

Updated Dec 19, 2023

Marialaina Finochio-Brody Acquires Industrial Property In Jamaica For $5M
SOLDIndustrial

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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Deal FAQ

About $136 per square foot on a published $5M for 36,645 square feet (2021).

Browse New York industrial sales on Traded.

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

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