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Radix Capital Acquires Industrial Property In Jamaica, Queens For $10M

Property Image
SOLD
$10,000,000

New York

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Industrial52,775 SF
Sold
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Property Image
SOLD

Radix Capital Acquires Industrial Property In Jamaica, Queens For $10M

95-08 150th St, Jamaica, NY, USA

See Similar Deals
Industrial52,775 SF
Sold
the dealplayerscompscontact
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Summary

NEW YORK
Asset Type:Industrial
Price Per Square Foot:$189
Total Square Footage:52775 SF
Transaction Type:Sale

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 Capital
BUYER
Lightstone Group
Lightstone Group
LENDER

Details

SOLD
IMAGE: Alexander @Ohebshalom DATE: 07/08/2021 ADDRESS: 95-08 & 95-12 150th St. & 95-25 149th St. MARKET: Jamaica, Queens ASSET TYPE: Industrial ~ ZONING: M1-4, DJ BUYER: Radix Capital - Alexander @Ohebshalom SELLER: Abbott Industries Inc. SALE PRICE: $10,000,000 BSF: 101,594 ~ PPBSF: $98 SF: 52,775 ~ PPSF: $189 LOAN AMOUNT: $9,000,000 LENDER: Lightstone Capital

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Net Operating Income (NOI)

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Debt Service Coverage Ratio (DSCR)

0.94x

Cap Rate

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Cash Flow (Annual)-$35,527.90
Cash-on-Cash Return-1.27%
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