Updated Sep 17, 2026
Dan Letter Of Prologis Acquires Industrial Asset In Jamaica Queens For $49 Million
153-44 South Conduit Avenue
$49,000,000
$419/SF
Building Size
116,725 SF
Asset Type
Industrial
Closing
Sep 16, 2026
About this deal
AI
The property asset involved in this transaction is an industrial facility located at 153-44 South Conduit Avenue in Jamaica, Queens. The sale price for this asset was $49,000,000, and it consists of 116,725 square feet. The price per square foot for this property stands at $420.
Summary of transaction details:
- Property Type: Industrial
- Transaction Amount: $49,000,000
- Square Footage: 116,725
- Price Per Square Foot: $420
- Buyer: Dan Letter - Prologis
- Seller: Adam Gordon - Wildflower
- Date of Sale: 09/16/2026
- Market: Jamaica, Queens
In this transaction, Dan Letter represented Prologis as the buyer of the property, while Adam Gordon represented Wildflower as the seller. The deal involved the JFK Conduit Logistics Center, marking a significant industrial property exchange between these two entities.
Players
Jamaica Industrial Market Snapshot
Boundary boundary · Industrial · Sale transactions
Loading comparables…
Deal FAQ
Visit Adam Gordon to view all their deals.
Browse Jamaica industrial sales on Traded.
Purchase Price
Annual NOI
Loan Amount
Interest Rate (%)
Loan Term (yrs)
Down Payment (%)
Cap Rate
0.32%
Cash-on-Cash
-0.09%
Monthly Payment
$14,164
Annual Debt Svc
$169,964
Annual Cash Flow
$-11,334
DSCR
0.93