Peter's Meats Acquires Industrial Property At 153-39 Rockaway Boulevard From Henry Mandil For $1.95M
153-39 Rockaway Boulevard
$1,950,000
$384/SF
Building Size
5,068 SF
Asset Type
Industrial
Closing
Sep 18, 2024
AI
This industrial property, located at 153-39 Rockaway Boulevard in Jamaica, has a sale price of $1,950,000. It encompasses a total square footage of 5,068, equating to a price per square foot of $384.
Summary of transaction details:
- Property Type: Industrial
- Transaction Amount: $1,950,000
- Square Footage: 5,068
- Price per Square Foot: $384
- Buyer: Peter's Meats
- Seller: Henry Mandil
- Brokers: Thomas Bigansky & Alex Sobel - North Village Realty
- Date of Sale: 09/18/2024
Thomas Bigansky and Alex Sobel from North Village Realty represented the parties in this transaction. They noted that they are actively seeking more end-users in the market for similar assets.
Players
Jamaica 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
8.13%
Cash-on-Cash
-2.32%
Monthly Payment
$14,164
Annual Debt Svc
$169,964
Annual Cash Flow
$-11,334
DSCR
0.93