Updated Oct 28, 2024
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
New York 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
3.53%
Cash-on-Cash
-1.01%
Monthly Payment
$14,164
Annual Debt Svc
$169,964
Annual Cash Flow
$-11,334
DSCR
0.93