Fowler Wholesale Acquires Industrial Property In Hollis From Gottesman Family
182-30 Jamaica Avenue
$3,880,000
$258/SF
Building Size
15,000 SF
Asset Type
Industrial
Closing
Jan 10, 2023
AI
The industrial property located at 182-30 Jamaica Avenue in Hollis has been sold in a transaction. The property spans 15,000 square feet and was sold for a price of $3,880,000, resulting in a price per square foot of $259.
Summary of transaction details:
- Property Type: Industrial
- Sale Price: $3,880,000
- Square Footage: 15,000
- Price per Square Foot: $259
- Address: 182-30 Jamaica Avenue, Hollis
The buyer in this transaction is Fowler Wholesale, represented by Mike Zong. The seller is Gottesman Family. The brokers involved in the deal are William Diana, Dylan Walsh, Daniel O'Brien, and Jeremy Previte from Cushman & Wakefield.
It's worth noting that the contract of sale did not include a due diligence period, and the closing took place 14 days after the contract execution. For more information or similar industrial deals in the outer boroughs of NYC, please contact Will Diana at Cushman & Wakefield via phone at 917-882-3446 or email at [email protected].
Players
Hollis 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
4.09%
Cash-on-Cash
-1.17%
Monthly Payment
$14,164
Annual Debt Svc
$169,964
Annual Cash Flow
$-11,334
DSCR
0.93