Avison Young Tri-State Investment Sales Represents Jenel Management In $13.35M Life Sciences Sale In Ozone Park, Queens Village, And Mamaroneck
10202 Liberty Avenue, Ozone Park, Queens, NY 11417, USA
$13,350,000
$1,483/SF
Building Size
9,000 SF
Asset Type
Other
Closing
Oct 5, 2021
About this deal
AI
The property involved in this closed transaction is located at 102-02 Liberty Avenue, 224-05 Jamaica Avenue, and 651 East Boston Post Road. The asset type is life sciences. The sale price for this property was $13,350,000, with a square footage of 9,000. The price per square foot was $1,483. The transaction took place in Ozone Park, Queens Village, and Mamaroneck.
Summary of transaction details
- Property Type: Life Sciences
- Transaction Amount: $13,350,000
- Square Footage: 9,000
- Price per Square Foot: $1,483
- Address: 102-02 Liberty Avenue, 224-05 Jamaica Avenue, and 651 East Boston Post Road
- Market: Ozone Park, Queens Village, and Mamaroneck
The seller in this transaction was Jenel Management, represented by Joseph Dushey and David Stier. The seller's representatives were James Nelson, Brent Glodowski, Chris Johnson, Alexandra Marolda, Bradley Rothschild, and Chris Johnson from Avison Young Tri-State Investment Sales.
On the Map
$13,350,000
$1,483/SF
Other
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New York Other Market Snapshot
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Purchase Price
Annual NOI
Loan Amount
Interest Rate (%)
Loan Term (yrs)
Down Payment (%)
Cap Rate
1.19%
Cash-on-Cash
-0.34%
Monthly Payment
$14,164
Annual Debt Svc
$169,964
Annual Cash Flow
$-11,334
DSCR
0.93