Salah Alsaidi Buys Mixed-Use Asset From Crestline Holdings In Richmond Hill For $1.06M

117-08 Jamaica Avenue is a mixed-use property located in Richmond Hill, Queens, that was recently sold for $1,060,000 at a price per square foot of $358. The transaction, which took place on 05/10/2024, involved a total square footage of 2,964 and yielded a capitalization rate of 5.3%.

Summary of transaction details:

• Property Type: Mixed-use
• Transaction Amount: $1,060,000
• Buyer: Salah Alsaidi
• Seller: Crestline Holdings
• Brokers: Stephen R. Preuss Sr., Andreas Efthymiou, Christian Allimonos, & Kevin Schmitz - Ripco
• Market: Richmond Hill, Queens

The deal was facilitated by a team of brokers from Ripco, including Stephen R. Preuss Sr., Andreas Efthymiou, Christian Allimonos, and Kevin Schmitz. This transaction brought together Salah Alsaidi as the buyer and Crestline Holdings as the seller, showcasing the collaborative effort between these key individuals and companies.