New York City School Construction Authority Acquires Parking Lot In Jamaica For $24M
16 Hillside Avenue, Queens, New York 11427, United States
$24,000,000
Building Size
—
Asset Type
Other
Closing
Jan 24, 2022
About this deal
AI
The parking lot located at 164-16 Hillside Avenue in Jamaica has been sold for a price of $24,000,000. The transaction took place on January 25, 2022.
Summary of transaction details
- Property Type: Parking Lot
- Transaction Amount: $24,000,000
- Address: 164-16 Hillside Avenue
- Market: Jamaica
The buyer of the parking lot is the New York City School Construction Authority, while the seller is the Family of Bernard Dowd.
The other sale at 16 Hillside Avenue, Queens, New York 11427, United States in New York, New York sold for $24M in 2022. 16 Hillside Avenue, Queens, New York 11427, United States is classified as Other on Traded. This page is the New York, New York file for the 16 Hillside Avenue, Queens, New York 11427, United States other sold: pricing, party profiles, and other closed other comps from the same New York sit in the Market section below. Filter that New York other set by closing date to see what else sold near 16 Hillside Avenue, Queens, New York 11427, United States around 2022. Published consideration for 16 Hillside Avenue, Queens, New York 11427, United States is $24M, dated 2022. Cite this New York City School Construction Authority Acquires Parking Lot In Jamaica For $24M sale when underwriting similar other product around New York, New York.
On the Map
$24,000,000
Other
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Deal FAQ
Purchase Price
Annual NOI
Loan Amount
Interest Rate (%)
Loan Term (yrs)
Down Payment (%)
Cap Rate
0.66%
Cash-on-Cash
-0.19%
Monthly Payment
$14,164
Annual Debt Svc
$169,964
Annual Cash Flow
$-11,334
DSCR
0.93