Justin Rodgers Purchases Industrial Property In Jamaica Queens From Jeffrey Grossman For $4.3M
97-02 150th Street
$4,300,000
$229/SF
Building Size
18,750 SF
Asset Type
Industrial
Closing
Jun 10, 2026
AI
Justin Rodgers has purchased an industrial property located at 97-02 150th Street in Jamaica, Queens. The asset spans 18,750 square feet and has a sale price of $4,300,000, equating to approximately $229 per square foot.
Summary of transation details:
- Property Type: Industrial
- Transaction Amount: $4,300,000
- Sale Date: 06/10/2026
- Market: Jamaica, Queens
- Seller: Jeffrey Grossman - Abbott Industries
- Buyer: Justin Rodgers
This transaction highlights the involvement of Jeffrey Grossman, representing Abbott Industries as the seller, in the deal with buyer Justin Rodgers finalizing the acquisition of the industrial property.
Players
Jamaica 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
3.69%
Cash-on-Cash
-1.05%
Monthly Payment
$14,164
Annual Debt Svc
$169,964
Annual Cash Flow
$-11,334
DSCR
0.93