Abeco Management Sells Multi-Building Package Deal In Jamaica For $10.5M
162-11 Jamaica Avenue
$10,400,000
$179/SF
Building Size
58,000 SF
Asset Type
Retail
Closing
Nov 13, 2024
AI
The asset involved in this transaction is a multi-building package deal located at 162-11 & 162-17 Jamaica Ave in the Jamaica market. The sale price is $10,500,000, with a total square footage of 58,000 and a price per square foot of $181.
Summary of transaction details:
- Property Type: Multi-Building Package Deal
- Transaction Amount: $10,500,000
- Address: 162-11 & 162-17 Jamaica Ave
- Market: Jamaica
- Seller: Abeco Management
- Brokers: Ohad Babo, Barry Fishbach & Isaac Shabot - KSR
- Square Footage: 58,000
- Price per Square Foot: $181
The brokers involved in this transaction, Ohad Babo, Barry Fishbach, and Isaac Shabot, represent KSR. They played a crucial role in facilitating this deal for the seller, Abeco Management.
Players
Jamaica Retail Market Snapshot
Boundary boundary · Retail · Sale transactions
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Purchase Price
Annual NOI
Loan Amount
Interest Rate (%)
Loan Term (yrs)
Down Payment (%)
Cap Rate
1.53%
Cash-on-Cash
-0.44%
Monthly Payment
$14,164
Annual Debt Svc
$169,964
Annual Cash Flow
$-11,334
DSCR
0.93