Mayan Patel Acquires Development Site From Josephine Cervoni In Jamaica For $1.65M

The development site located at 146-18 Waltham Street in Jamaica was sold for $1,650,000. This transaction involved a total building square footage of 16,554, resulting in a price per building square foot of $99. The price per building square foot for the usable area was calculated at $77.

Summary of transaction details:

• Property Type: Development Site
• Transaction Amount: $1,650,000
• Address: 146-18 Waltham Street
• Market: Jamaica
• Building Square Feet: 16,554
• Price per Building Square Foot: $99
• Price per Building Square Foot (Usable Area): $77
• Buyer: Mayan Patel
• Seller: Josephine Cervoni
• Brokers: Stephen R. Preuss Sr., Kevin Schmitz & Andrew LeoGrande - Ripco

Key individuals involved in the transaction include the buyer, Mayan Patel, and the seller, Josephine Cervoni. The brokerage firm Ripco represented the interests of both sides in this deal with brokers Stephen R. Preuss Sr., Kevin Schmitz, and Andrew LeoGrande facilitating the transaction.