Muhamed Hamza Acquires Mixed-Use Property In Jamaica, Queens For $1.35M
108-02 Guy R Brewer Blvd, Jamaica, NY 11433, USA
$1,350,000
$240/SF
Building Size
5,625 SF
Asset Type
Mixed-use
Closing
Mar 18, 2020
AI
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.
Players
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
11.75%
Cash-on-Cash
-3.36%
Monthly Payment
$14,164
Annual Debt Svc
$169,964
Annual Cash Flow
$-11,334
DSCR
0.93