SOLDIndustrial
Radix Capital Acquires Industrial Property In Jamaica, Queens For $10M
95-08 150th St, Jamaica, NY, USA
$10,000,000
$189/SF
Building Size
52,775 SF
Asset Type
Industrial
Closing
Jul 8, 2020
AI
Three industrial properties located at 95-08 & 95-12 150th St. and 95-25 149th St. in Jamaica, Queens have been sold for a total of $10,000,000. The properties are zoned M1-4 and DJ and have a total building square footage of 52,775. The sale price equates to a price per square foot of $189. The buyer, Radix Capital, was represented by Alexander @Ohebshalom. The seller was Abbott Industries Inc.
Summary of transaction details:
- Property Type: Industrial
- Sale Price: $10,000,000
- Building Square Footage: 52,775
- Price Per Square Foot: $189
- Address: 95-08 & 95-12 150th St. and 95-25 149th St., Jamaica, Queens
- Market: Jamaica, Queens
- Zoning: M1-4, DJ
Radix Capital, represented by Alexander @Ohebshalom, purchased the properties from Abbott Industries Inc. The transaction also involved a loan amount of $9,000,000 provided by Lightstone Capital.
Players
RC
Radix CapitalBuyer
Lightstone GroupLender
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
1.59%
Cash-on-Cash
-0.45%
Monthly Payment
$14,164
Annual Debt Svc
$169,964
Annual Cash Flow
$-11,334
DSCR
0.93