Mark Koplowitz Acquires Industrial Property In Jamaica, Queens For $3.4M
17702 Jamaica Avenue, Jamaica, NY 11432, USA
$3,400,000
$182/SF
Building Size
18,647 SF
Asset Type
Industrial
Closing
Apr 28, 2021
AI
The industrial property located at 177-02 Jamaica Ave in Jamaica, Queens, has been sold in a recent transaction. The property is zoned as R6A, C2-4, DJ and spans a total of 18,647 square feet. It was sold for a price of $3,400,000, resulting in a price per square foot of $184. The buyer in this transaction is Mark Koplowitz, while the seller is The Karlin Family. Stephen R. Preuss and Kevin Schmitz from Cushman & Wakefield represented the seller as their representatives in the deal.
Summary of transaction details:
- Property Type: Industrial
- Transaction Amount: $3,400,000
- Address: 177-02 Jamaica Ave, Jamaica, Queens
- Market: Jamaica, Queens
- Zoning: R6A, C2-4, DJ
The deal was facilitated by Stephen R. Preuss and Kevin Schmitz from Cushman & Wakefield, who represented the seller in the transaction. Mark Koplowitz acted as the buyer in this industrial property sale.
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
4.67%
Cash-on-Cash
-1.33%
Monthly Payment
$14,164
Annual Debt Svc
$169,964
Annual Cash Flow
$-11,334
DSCR
0.93