Updated Dec 20, 2023
Aman Singh Acquires Queens Village Industrial Property For $5.1M From Seller Kyle Mannheimer - Lee Associates NYC
217-48 Hempstead Avenue, Jamaica, NY, USA
$5,100,000
$392/SF
Building Size
13,000 SF
Asset Type
Industrial
Closing
Sep 8, 2021
About this deal
AI
Located in Queens Village, the industrial property at 217-48, 217-68, 217-76 & 217-78 Hempstead Avenue has been sold.
Summary of transaction details:
- Property Type: Industrial
- Sale Price: $5,100,000
- Square Footage: 13,000 SF
- Price per Square Foot: $392
- Address: 217-48, 217-68, 217-76 & 217-78 Hempstead Avenue, Queens Village
The buyer in this transaction is Aman Singh, while the seller is Kyle Mannheimer. Representing the deal, Sean Slattery, Ben Tapper, and Woody King from Lee Associates NYC were the brokers involved.
On the Map
$5,100,000
$392/SF
Industrial
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Players
Queens Village 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
3.11%
Cash-on-Cash
-0.89%
Monthly Payment
$14,164
Annual Debt Svc
$169,964
Annual Cash Flow
$-11,334
DSCR
0.93