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TRADED: Philip Ort buys 16506-16512 Jamaica Avenue from Bracha Norman for $3 million

Address: 16506-16512 Jamaica Avenue
Location: Jamaica, Queens
Building type: Multi-story Retail Building
Price: $3,000,000
Square footage: 12,000 sf
Seller: Bracha Norman, Jamaica Property Group
Buyer: Philip Ort, 165 Jamaica Realty LLC
Deal date: 12/20/2017

16506-16512 JAMAICA AVE, 11432 (Jamaica)
Block-10155 Lot-4
building class:2K2-Multi-story Retail Building (2 Or More)

Transfer Tax: $12,000.00 Sales Price: $3,000,000 (Prior Sales Price: $60,900; Date: 09-11-13)
CRFN: 2017000464263 Sale Date: 12-06-17 Recorded: 12-20-17
Loan: $3,500,000 Lender: JPMORGAN CHASE BANK, N.A. addr:14800 FRYE ROAD, 2ND FLOOR FORT WORTH TX 76155
Property Values Assessed Taxable Market Tax Basis
Land $675,000 $675,000 $1,500,000 Final 16-17
Total $1,066,140 $1,066,140 $2,788,000

Estimated Property Tax Prior To Transfer: $112,733 Tax Class: 4
Lot Size: 75×100; 7,500 sq ft, Building Size: 75×80; 12,000 sq ft 2 stories, 14 units, built 1921 with Extension

Buyer:
165 JAMAICA REALTY LLC
PHILIP ORT
1901 KINGS HIGHWAY
Brooklyn, NY 11229

Seller:
JAMAICA PROPERTY GROUP LLC
BRACHA NORMAN
1088 TIMES SQUARE BOULEVARD
Dpo, AE 09701