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10 Guy R. Brewer Boulevard,...

Mohmad Widdi Acquires Commercial Property In South Jamaica, Queens For $4.5M
SOLDCommercial

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

Gil Boosidan

Seller

$30.1M

vol

6 deals

Seller

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