Mario Hernandez Acquires Mixed-Use Property On Jamaica Avenue In New York City For $2.05M
SOLD
$2,050,000
New York
See Similar DealsMixed-use7,616 SF
Sold 05/18/2023
SOLD
Mario Hernandez Acquires Mixed-Use Property On Jamaica Avenue In New York City For $2.05M
102-45 Jamaica Ave Richmond Hill, NY 11418, USA
See Similar DealsMixed-use7,616 SF
Sold 05/18/2023
Summary
NEW YORK
Asset Type:Mixed-use
Price Per Square Foot:$269
Total Square Footage:7,616 SF
Transaction Type:Sale
The mixed-use property located at 102-45 Jamaica Avenue in New York City has been sold for a total price of $2,050,000. The property spans over 7,616 square feet, resulting in a price per square foot of $269. The transaction took place on 05/18/2023.
Summary of transaction details
- Property Type: Mixed-use
- Transaction Amount: $2,050,000
- Square Footage: 7,616
- Price per Square Foot: $269
- Address: 102-45 Jamaica Avenue, New York City
- Market: New York City
Mario Hernandez was the buyer of the property, while Rafael Alayev acted as the seller. The deal was facilitated by Vito Angelo from Remax.
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Deal Type
30 years
10 years
Operating Income
Operating Expenses (Annual)
Net Operating Income (NOI)
$109,333.32
Debt Service Coverage Ratio (DSCR)
0.94x
Cap Rate
5.33%
Cash Flow (Annual)-$7,283.23
Cash-on-Cash Return-1.27%
Monthly Debt Service$9,718.05
Annual Debt Service$116,616.55
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