Mohmad Widdi Acquires Commercial Property In South Jamaica, Queens For $4.5M
10 Guy R. Brewer Boulevard, Queens, New York 11434, United States
$4,500,000
$506/SF
Building Size
8,885 SF
Asset Type
Commercial
Closing
Mar 21, 2022
AI
The commercial property located at 117-10 Guy R Brewer Blvd in South Jamaica, Queens has been sold for a total of $4,500,000. The property has a building square footage (BSF) of 8,885 and a price per building square footage (PPBSF) of $506. The lot size is also 8,885. The property is zoned as R3-2, allowing for commercial use.
Summary of transaction details
- Property Type: Commercial
- Transaction Amount: $4,500,000
- BSF: 8,885
- PPBSF: $506
- Lot Size: 8,885
- Zoning: R3-2
Mohmad Widdi has purchased the property from Gil Boosidan. The sale took place on March 22, 2022. The property has a lot dimension of 86.02 ft x 93 ft and a permit for a sign was obtained on November 18, 2013.
Players
New York Commercial Market Snapshot
Boundary boundary · Commercial · Sale transactions
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Purchase Price
Annual NOI
Loan Amount
Interest Rate (%)
Loan Term (yrs)
Down Payment (%)
Cap Rate
3.53%
Cash-on-Cash
-1.01%
Monthly Payment
$14,164
Annual Debt Svc
$169,964
Annual Cash Flow
$-11,334
DSCR
0.93