Abeco Management Sells Multi-Building Package Deal In Jamaica For $10.5M
SOLD
$10,400,000
New York
See Similar DealsRetail58,000 SF
Sold 11/13/2024
SOLD
Abeco Management Sells Multi-Building Package Deal In Jamaica For $10.5M
162-11 Jamaica Avenue
See Similar DealsRetail58,000 SF
Sold 11/13/2024
Summary
NEW YORK
Asset Type:Retail
Price Per Square Foot:$179
Total Square Footage:58,000 SF
Transaction Type:Sale
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
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Details
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Deal Type
30 years
10 years
Operating Income
Operating Expenses (Annual)
Net Operating Income (NOI)
$554,666.66
Debt Service Coverage Ratio (DSCR)
0.94x
Cap Rate
5.33%
Cash Flow (Annual)-$36,949.01
Cash-on-Cash Return-1.27%
Monthly Debt Service$49,301.31
Annual Debt Service$591,615.67
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