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102-45 Jamaica Ave Richmond...

Mario Hernandez Acquires Mixed-Use Property On Jamaica Avenue In New York City For $2.05M
SOLDMixed-use

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

$2,050,000

$269/SF

Building Size

7,616 SF

Asset Type

Mixed-use

Closing

May 18, 2023

AI

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.

Players

Vito Angelo

Re/Max

Broker

$80.5M

vol

40 deals

Broker

Mario Hernandez

Buyer

$3.8M

vol

2 deals

Buyer

New York Mixed-use Market Snapshot

Boundary boundary · Mixed-use · Sale transactions

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Purchase Price

Annual NOI

Loan Amount

Interest Rate (%)

Loan Term (yrs)

Down Payment (%)

Cap Rate

7.74%

Cash-on-Cash

-2.21%

Monthly Payment

$14,164

Annual Debt Svc

$169,964

Annual Cash Flow

$-11,334

DSCR

0.93