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92-10 182nd Place

Updated Oct 28, 2024

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

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

92-10 182nd Place

$4,500,000

$147/SF

Building Size

30,492 SF

Asset Type

Industrial

Closing

Dec 29, 2021

About this deal

AI

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

Douglas Elliman

Broker

$8M

vol

3 deals

Broker

New York Industrial Market Snapshot

Boundary boundary · Industrial · Sale transactions

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Deal FAQ

About $147 per square foot on a published $4.5M for 30,492 square feet (2021).

Visit Zainab Aregbe to view all their deals.

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Purchase Price

Annual NOI

Loan Amount

Interest Rate (%)

Loan Term (yrs)

Down Payment (%)

Cap Rate

3.53%

Cash-on-Cash

-1.01%

Monthly Payment

$14,164

Annual Debt Svc

$169,964

Annual Cash Flow

$-11,334

DSCR

0.93

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