Mohmad Widdi Acquires Commercial Property In South Jamaica, Queens For $4.5M
SOLD
$4,500,000
New York
See Similar DealsCommercial8,885 SF
Sold 03/22/2022
SOLD
Mohmad Widdi Acquires Commercial Property In South Jamaica, Queens For $4.5M
10 Guy R. Brewer Boulevard, Queens, New York 11434, United States
See Similar DealsCommercial8,885 SF
Sold 03/22/2022
Summary
NEW YORK
Asset Type:Commercial
Price Per Square Foot:$506
Total Square Footage:8,885 SF
Transaction Type:Sale
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.
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Deal Type
30 years
10 years
Operating Income
Operating Expenses (Annual)
Net Operating Income (NOI)
$240,000.00
Debt Service Coverage Ratio (DSCR)
0.94x
Cap Rate
5.33%
Cash Flow (Annual)-$15,987.55
Cash-on-Cash Return-1.27%
Monthly Debt Service$21,332.30
Annual Debt Service$255,987.55
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