Gadi Ben-Hamo Acquires Mixed-Use Properties In Jamaica Hills From Halpern & Koeppel Families For $12.8M

The properties involved in the transaction are located at 162-11 Hillside Avenue, 162-27 Hillside Avenue, and 162-21 Hillside Avenue in Jamaica Hills, Queens. The mixed-use asset was sold for $12,800,000, encompassing a total built space of 14,055 square feet, resulting in a price per square foot of $911.

Summary of transaction details:

• Property Type: Mixed-use
• Transaction Amount: $12,800,000
• Buyer: Gadi Ben-Hamo
• Seller: Halpern & Koeppel Families
• Square Footage: 14,055
• Price per Square Foot: $911

Gadi Ben-Hamo, through 16219 Hillside LLC, acquired seven properties from the Halpern and Koeppel families with intentions for ground-up development, which includes significant air rights associated with the properties.