Gregory Jerez Acquires Property On Sutphin Blvd In Jamaica For $1.18M From Seller Eugene Tamarov
11629 Sutphin BLVD, Queens, NY, 114...
$1,180,000
$344/SF
Building Size
3,430 SF
Asset Type
—
Closing
Nov 20, 2023
AI
The property located at 11629 Sutphin Blvd, Queens, NY, within the Jamaica market, has been sold for $1,180,000.00. This asset encompasses a total area of 3430 square feet.
Summary of transaction details:
- Property Type: Sale
- Transaction Amount: $1,180,000.00
- Address: 11629 Sutphin BLVD, Queens, NY
- Market: Jamaica
- Square Footage: 3430
- Buyer: Gregory Jerez
- Seller: Eugene Tamarov
- Seller's Representative: Mark Akilov, Asset Commercial Realty Group
The transaction involved Gregory Jerez as the buyer and Eugene Tamarov as the seller, facilitated through the representation of Mark Akilov from Asset Commercial Realty Group, who represented the seller in this deal.
Players
Jamaica CRE Market Snapshot
Boundary boundary · CRE · Sale transactions
Loading comparables…
Purchase Price
Annual NOI
Loan Amount
Interest Rate (%)
Loan Term (yrs)
Down Payment (%)
Cap Rate
13.44%
Cash-on-Cash
-3.84%
Monthly Payment
$14,164
Annual Debt Svc
$169,964
Annual Cash Flow
$-11,334
DSCR
0.93