facebook
Traded Co logo
Submit

Mark Koplowitz Acquires Industrial Property In Jamaica, Queens For $3.4M

Property Image
SOLD
$3,400,000
Kevin Schmitz
Stephen R. Preuss Sr.
MK

New York

See Similar Deals
Industrial18,647 SF
Sold 04/29/2021
the dealplayerscompscontact
Property Image
SOLD

Mark Koplowitz Acquires Industrial Property In Jamaica, Queens For $3.4M

17702 Jamaica Avenue, Jamaica, NY 11432, USA

See Similar Deals
Industrial18,647 SF
Sold 04/29/2021
Kevin Schmitz
Stephen R. Preuss Sr.
MK
the dealplayerscompscontact
Contact now

Summary

NEW YORK
Asset Type:Industrial
Price Per Square Foot:$182
Total Square Footage:18,647 SF
Transaction Type:Sale

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

Stephen R. Preuss Sr.
Ripco
Stephen R. Preuss Sr.
258 deals$2B volume(718) 663-2639
BROKER
Kevin Schmitz
Ripco
Kevin Schmitz
112 deals$846.3M volume
BROKER
MK
Mark Koplowitz
7 deals$24M volume
BUYER

Details

SOLD
IMAGE: Kevin Schmitz & Stephen R. Preuss DATE: 04/29/2021 ADDRESS: 177-02 Jamaica Ave. MARKET: Jamaica, Queens ASSET TYPE: Industrial ~ ZONING: R6A, C2-4, DJ BUYER: Mark Koplowitz SELLER: The Karlin Family SELLER’S REP: Stephen R. Preuss & Kevin Schmitz @TeamPreuss - Cushman & Wakefield (@CushWake) SALE PRICE: $3,400,000 BSF: 31,785 ~ PPBSF: $107 SF: 18,647 ~ PPSF: $184

Stay in the Know

Subscribe for insider commercial real estate news, deal highlights, and market insights—delivered straight to your inbox.

By subscribing, you agree to our Terms of Service and Privacy Policy.

Similar Deals

Contact

Get in touch with the broker you want

Suggestions
CRE CalculatorAnalyze deals based on income, expenses, and financing. We automatically filled the calculator with data from the deal you are viewing, fill free to modify it to see how it affects the results.
Deal Type
Operating Income
Operating Expenses (Annual)
Net Operating Income (NOI)

$181,333.32

Debt Service Coverage Ratio (DSCR)

0.94x

Cap Rate

5.33%

Cash Flow (Annual)-$12,079.50
Cash-on-Cash Return-1.27%
Monthly Debt Service$16,117.73
Annual Debt Service$193,412.82