facebook
Traded Co logo
Submit

Gotham Realty 2 LLC Acquires Industrial Property In Jamaica For $4.5M

Property Image
SOLD
$4,500,000
Russell Barnes
Robin (RJ) Lennon
+ 2

New York

See Similar Deals
Industrial30,492 SF
Sold 12/29/2021
the dealplayerscompscontact
Property Image
SOLD

Gotham Realty 2 LLC Acquires Industrial Property In Jamaica For $4.5M

92-10 182nd Place

See Similar Deals
Industrial30,492 SF
Sold 12/29/2021
Russell Barnes
Robin (RJ) Lennon
+ 2
Contact now

Summary

NEW YORK
Asset Type:Industrial
Price Per Square Foot:$147
Total Square Footage:30,492 SF
Transaction Type:Sale

Located in Jamaica, the industrial property at 92-10 182nd Pl. was recently sold in a transaction on December 29, 2021. The property was purchased by Gotham Realty 2 LLC, represented by Joel Lowy. The seller in the deal was The Starks Family. The Lennon Team from Douglas Elliman, including Mendelssohn Joseph, Russell Barnes, Robin (RJ) Lennon, Daunte Monroe, and Zainab Aregbe, played the role of brokers.

Summary of transaction details

  • Property Type: Industrial
  • Transaction Amount: $4,500,000
  • Square Footage: 30,492
  • Price per Square Foot: $147
  • Market: Jamaica

The Lennon Team, part of Douglas Elliman, specializes in sales of development sites, mixed-use buildings, multifamily properties, and townhouses in Harlem, Bronx, Queens, Brooklyn, and Manhattan. Their commitment lies in providing maximum exposure to potential buyers and agents, along with top-notch data and advice to enable informed decisions that result in the highest possible price for the property.

If you're considering selling a property, you can contact The Lennon Team for a free consultation and market analysis at 917.202.8996 or via email at [email protected]. You can also follow them on Instagram at @thelennonteam.douglaselliman.

Players

Daunte Monroe
3 deals$8M volume
BROKER

Mendelssohn Joseph
Douglas Elliman
3 deals$8M volume
BROKER

Russell Barnes
Douglas Elliman
4 deals$12M volume
BROKER

Robin (RJ) Lennon
Douglas Elliman
3 deals$8M volume
BROKER

Zainab Aregbe
Douglas Elliman
3 deals$9.8M volume
BROKER

Details

SOLD
IMAGE: Daunte Monroe, Mendelssohn Joseph, Russell Barnes & Zainab Aregbe DATE: 12/29/2021 ADDRESS: 92-10 182nd Pl. MARKET: Jamaica ASSET TYPE: Industrial BUYER: Gotham Realty 2 LLC - Joel Lowy SELLER: The Starks Family BROKERS: Mendelssohn Joseph (@E.v.e.s.m.e.n), Russell Barnes (@RussellNYCRealEstate), Robin(RJ) Lennon (@ThinkHarlemThinkRJ), Daunte Monroe (@_Black.Gatsby) & Zainab Aregbe (@AregbeSola_) (The Lennon Team) (@TheLennonTeam.DouglasElliman) - Douglas Elliman (@DouglasElliman) SALE PRICE: $4,500,000 SF: 30,492 ~ PPSF: $147 NOTE FROM BROKER: The Lennon Team are building sales specialist team which focuses on development sites, mixed-used buildings, multifamily, Townhouses in the Harlem, Bronx, Queens, Brooklyn & Manhattan. The team’s value proposition is commitment to getting your property maximum exposure to potential buyers & agents AND top-notch data & advice to help you make informed decisions, that will get you the highest price possible. If you're thinking about selling contact The Lennon Team for free consultation & market analysis at: 917.202.8996 [email protected] @thelennonteam.douglaselliman

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)

$240,000.00

Debt Service Coverage Ratio (DSCR)

0.94x

Cap Rate

5.33%

Cash Flow (Annual)-$15,987.55
Cash-on-Cash Return-1.27%
Monthly Debt Service$21,332.30
Annual Debt Service$255,987.55