Updated Dec 19, 2023
Haimo Zhong Acquires Industrial Property In Jamaica For $4.6M
177-10 93 Ave, Queens, New York 11433, United States
$4,600,000
$923/SF
Building Size
4,984 SF
Asset Type
Industrial
Closing
Oct 11, 2021
About this deal
AI
The industrial property located at 177-10 93 Avenue in Jamaica has been sold. The property is zoned as R5 and has an area of 6,390 square feet. It has a building square footage (BSF) of 7,988 and its price per BSF (PPBSF) is $575. The property has a total square footage (SF) of 4,984 and a price per SF (PPSF) of $922. The floor area ratio (FAR) is 0.78 and the tax class is 4. The lot size is 6,390 and the lot dimension is 55.5 feet x 85.83 feet. The last recorded sale of the property was on January 12, 2015, for a price of $2,550,000.
Summary of transaction details
- Property Type: Industrial
- Transaction Amount: $4,600,000
- Buyer: Haimo Zhong
- Seller: Birinder Madan
- Market: Jamaica
Haimo Zhong is the buyer of the property, and Birinder Madan is the seller. The transaction amount for the sale was $4,600,000. The property is located in the market of Jamaica.
Players
Jamaica Industrial Market Snapshot
Boundary boundary · Industrial · Sale transactions
Loading comparables…
Deal FAQ
Visit Haimo Zhong to view all their deals.
Browse Jamaica industrial sales on Traded.
Purchase Price
Annual NOI
Loan Amount
Interest Rate (%)
Loan Term (yrs)
Down Payment (%)
Cap Rate
3.45%
Cash-on-Cash
-0.99%
Monthly Payment
$14,164
Annual Debt Svc
$169,964
Annual Cash Flow
$-11,334
DSCR
0.93