Jamaica Hospital Acquires Office Building On Jamaica Avenue In New York City For $10.5M

The property involved in this transaction is an office located at 143-02 Jamaica Avenue in New York City. The sale took place on June 28, 2023, with a sale price of $10,500,000. The office space spans 20,865 square feet, resulting in a price per square foot of $503.

Summary of transaction details:

• Property Type: Office
• Transaction Amount: $10,500,000
• Address: 143-02 Jamaica Avenue
• Market: New York City
• Buyer: Jamaica Hospital
• Seller: Uri Mermelstein
• Brokers: Michelle Abramov, Greg Batista, Stephen R. Preuss Sr., Kevin Schmitz - Ripco
• Square Footage: 20,865
• Price per Square Foot: $503

Michelle Abramov and Greg Batista, alongside Stephen R. Preuss Sr. and their team at Ripco, collaborated to facilitate the sale of the office space. They have established a partnership synergy to execute strategic leasing and sales transactions throughout the boroughs. As trusted brokers, they have recently listed a corner vacant building with approximately 42,000 buildable square feet (BSF) in the Bronx. If you have a vacant building within your portfolio, reaching out to their team would be beneficial to discuss sales and leasing strategies.