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Avison Young Tri-State Investment Sales Represents Jenel Management In $13.35M Life Sciences Sale In Ozone Park, Queens Village, And Mamaroneck

Property Image
SOLD
$13,350,000
Chris Johnson
Bradley Rothschild
James Nelson
+ 3

New York

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Other9,000 SF
Sold 10/05/2021
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Property Image
SOLD

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

See Similar Deals
Other9,000 SF
Sold 10/05/2021
Chris Johnson
Bradley Rothschild
James Nelson
+ 3
the dealplayerscompscontact
Contact now

Summary

NEW YORK
Asset Type:Other
Price Per Square Foot:$1,483
Total Square Footage:9,000 SF
Transaction Type:Sale

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.

Players

Brent Glodowski
Avison Young
Brent Glodowski
32 deals$596.6M volume
BROKER
James Nelson
Avison Young
James Nelson
85 deals$1.9B volume
BROKER
Alexandra Marolda
Avison Young
Alexandra Marolda
37 deals$814.9M volume
BROKER
Bradley Rothschild
Avison Young
Bradley Rothschild
13 deals$156M volume
BROKER
Chris Johnson
Avison Young
Chris Johnson
2 deals$20.8M volume
BROKER
Joseph Dushey
Jenel Management
Joseph Dushey
5 deals$45.1M volume
SELLER
Jenel Management
Jenel Management
SELLER

Details

SOLD
IMAGE: Brent Glodowski, Bradley Rothschild, Alexandra Marolda, James Nelson, Chris Johnson & Joseph Dushey DATE: 10/05/2021 ADDRESS: 102-02 Liberty Avenue, 224-05 Jamaica Avenue & 651 East Boston Post Road MARKET: Ozone Park, Queens Village & Mamaroneck ASSET TYPE: Life Sciences SELLER: Jenel Management – Joseph Dushey & David Stier SELLER’S REP: James Nelson (@JamesNelsonNYC), Brent Glodowski (@BrentSellsStores), Chris Johnson, Alexandra Marolda (@Alexandra_M_690), Bradley Rothschild (@BradRothschild) & Chris Johnson - Avison Young Tri-State Investment Sales SALE PRICE: $13,350,000 SF: 9,000 ~ PPSF: $1,483

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Net Operating Income (NOI)

$712,000.01

Debt Service Coverage Ratio (DSCR)

0.94x

Cap Rate

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Cash-on-Cash Return-1.27%
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