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10202 Liberty Avenue, Ozone...

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

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

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.

Players

Brent Glodowski

Avison Young

Broker

$612M

vol

34 deals

Broker
Joseph Dushey

Joseph Dushey

Jenel Management

Seller

$45.1M

vol

5 deals

Seller
Jenel Management
Jenel ManagementSeller

New York Other Market Snapshot

Boundary boundary · Other · Sale transactions

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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