Muhamed Hamza Acquires Mixed-Use Property In Jamaica, Queens For $1.35M
SOLD
$1,350,000
New York
See Similar DealsMixed-use5,625 SF
Sold 03/19/2020
SOLD
Muhamed Hamza Acquires Mixed-Use Property In Jamaica, Queens For $1.35M
108-02 Guy R Brewer Blvd, Jamaica, NY 11433, USA
See Similar DealsMixed-use5,625 SF
Sold 03/19/2020
Summary
NEW YORK
Asset Type:Mixed-use
Price Per Square Foot:$240
Total Square Footage:5,625 SF
Transaction Type:Sale
A mixed-use property located at 108-02 Guy R Brewer Blvd in Jamaica, Queens, has been sold in a closed transaction. The property consists of 5,625 square feet and includes 5 residential units and 1 retail unit. The sale price for the property was $1,350,000, resulting in a price per square foot of $240. The buyer, Muhamed Hamza, purchased the property from the seller, Mario Prestigiacomo.
Summary of transaction details
- Property Type: Mixed-use
- Transaction Amount: $1,350,000
- Square Footage: 5,625
- Price per Square Foot: $240
- Number of Units: 5 Residential & 1 Retail
- Buyer: Muhamed Hamza
- Seller: Mario Prestigiacomo
The transaction was facilitated by brokers Alexander Taic and Jiani Zhou from Ariel Property Advisors.
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Deal Type
30 years
10 years
Operating Income
Operating Expenses (Annual)
Net Operating Income (NOI)
$72,000.00
Debt Service Coverage Ratio (DSCR)
0.94x
Cap Rate
5.33%
Cash Flow (Annual)-$4,796.26
Cash-on-Cash Return-1.27%
Monthly Debt Service$6,399.69
Annual Debt Service$76,796.26
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