Updated Nov 27, 2024
Blackstone Acquires Industrial Properties In Queens For $129M
182-09 149th Rd, Jamaica, NY 11413, USA
$129,000,000
Building Size
—
Asset Type
Industrial
Closing
Sep 16, 2019
About this deal
AI
The industrial property located at 145-07 156th Street, 182-09 149th Road, and 149-39 Guy R Brewer Blvd in Queens has been sold in a closed transaction. The property was acquired by Blackstone for a total price of $129,000,000 from TA Realty.
Summary of transaction details:
- Property Type: Industrial
- Transaction Amount: $129,000,000
Blackstone, a prominent real estate investor, purchased the property from TA Realty, a leading real estate investment firm. The transaction involved Michael Ruane and Jonathan Gray representing Blackstone as the buyer's representatives.
Players
Springfield Gardens Industrial Market Snapshot
Boundary boundary · Industrial · Sale transactions
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Deal FAQ
Purchase Price
Annual NOI
Loan Amount
Interest Rate (%)
Loan Term (yrs)
Down Payment (%)
Cap Rate
0.12%
Cash-on-Cash
-0.04%
Monthly Payment
$14,164
Annual Debt Svc
$169,964
Annual Cash Flow
$-11,334
DSCR
0.93