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104-03 177th Street

Estate Of Olga Gonzalez Acquires Mixed-Use Property In Jamaica For $570K
SOLDMixed-use

Estate Of Olga Gonzalez Acquires Mixed-Use Property In Jamaica For $570K

104-03 177th Street

$570,000

$254/SF

Building Size

2,240 SF

Asset Type

Mixed-use

Closing

Mar 3, 2023

AI

The mixed-use property located at 104-03 177th Street in Jamaica has been sold in a recent transaction. The property spans a total of 2,240 square feet and was sold for a price of $570,000, resulting in a price per square foot of $254. The sale took place on 03/03/2023.

Summary of transaction details

  • Property Type: Mixed-Use
  • Transaction Amount: $570,000
  • Square Footage: 2,240
  • Price Per Square Foot: $254
  • Address: 104-03 177th Street, Jamaica

The buyer of the property is the Estate of Olga Gonzalez, while the seller is SK Holdings represented by Samantha Parsuram. The transaction was facilitated by broker Mike Sezan from Asset Commercial Realty Group.

Players

Mike Sezan

Asset CRG Advisors

Broker

$117.6M

vol

17 deals

Broker

Olga Gonzalez

Buyer

$12M

vol

3 deals

Buyer

Market 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

27.83%

Cash-on-Cash

-7.95%

Monthly Payment

$14,164

Annual Debt Svc

$169,964

Annual Cash Flow

$-11,334

DSCR

0.93