Raymond Wu Purchases Industrial Property From Pendergast Family For $1.5M In Jamaica
SOLD
$1,500,000
New York
See Similar DealsIndustrial9,100 SF
Sold 01/27/2026
SOLD
Raymond Wu Purchases Industrial Property From Pendergast Family For $1.5M In Jamaica
93 12 179th Place & 178th Place
See Similar DealsIndustrial9,100 SF
Sold 01/27/2026
Summary
NEW YORK
Asset Type:Industrial
Price Per Square Foot:$164
Total Square Footage:9,100 SF
Transaction Type:Sale
The industrial asset located at 93-13 178th Place & 93-12 179th Place in Jamaica has been sold for $1,500,000. The property encompasses 9,100 square feet, resulting in a price per square foot of $165.
Summary of transaction details:
- Property Type: Industrial
- Transaction Amount: $1,500,000
- Buyer: Raymond Wu
- Seller: Pendergast Family
- Broker Representation: Shaun Riney, Sean Fopeano & David Cornejo - Marcus & Millichap
Marcus & Millichap represented the seller in the transaction and successfully procured an end-user buyer for the property.
Players
BROKERAGE
Details
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Deal Type
30 years
10 years
Operating Income
Operating Expenses (Annual)
Net Operating Income (NOI)
$79,999.99
Debt Service Coverage Ratio (DSCR)
0.94x
Cap Rate
5.33%
Cash Flow (Annual)-$5,329.19
Cash-on-Cash Return-1.27%
Monthly Debt Service$7,110.77
Annual Debt Service$85,329.18
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