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153-39 Rockaway Boulevard

Peter's Meats Acquires Industrial Property At 153-39 Rockaway Boulevard From Henry Mandil For $1.95M
SOLDIndustrial

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

Tom Bigansky

North Village Realty

Broker

$57.3M

vol

18 deals

Broker

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