Updated Oct 28, 2024
KABR Acquires Industrial Property In Jamaica For $73.5M
184-10 Jamaica Avenue, Queens, New York 11423, United States
$73,500,000
$118/SF
Building Size
618,000 SF
Asset Type
Industrial
Closing
Feb 21, 2022
About this deal
AI
An industrial property located at 184-10 Jamaica Avenue in Jamaica has been sold for a price of $73,500,000. The property spans an area of 618,000 square feet, resulting in a price per square foot of $188. The transaction took place on February 22, 2022.
Summary of transaction details
- Property Type: Industrial
- Transaction Amount: $73,500,000
- Address: 184-10 Jamaica Avenue
- Market: Jamaica
- Buyer: KABR - Adam Altman
- Brokers: James Nelson, Fritz Richter, Erik Edeen, and Reid Berch - Avison Young
The buyer in the deal is KABR, represented by Adam Altman. The transaction was facilitated by brokers James Nelson, Fritz Richter, Erik Edeen, and Reid Berch from Avison Young.
On the Map
$73,500,000
$118/SF
Industrial
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Players
Queens 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
0.22%
Cash-on-Cash
-0.06%
Monthly Payment
$14,164
Annual Debt Svc
$169,964
Annual Cash Flow
$-11,334
DSCR
0.93