Roy Ramautar Acquires Mixed-Use Property In Queens For $1.5M
119-05 Rockaway Blvd, Jamaica, NY 11420, USA
$1,500,000
$304/SF
Building Size
4,927 SF
Asset Type
Mixed-use
Closing
Aug 29, 2018
About this deal
AI
The mixed-use property located at 11905-11907 Rockaway Boulevard, S. Ozone Park in New York City was recently sold for $1,500,000. The property consists of three residential units and four office spaces, offering a total building size of 4,927 square feet. With a cap rate of 4.5%, this property offers a good investment opportunity in the Queens market.
Summary of transaction details
- Property Type: Mixed-Use (3 Residential & 4 Office)
- Transaction Amount: $1,500,000
- Building Size: 4,927 square feet
The seller, ABMB Associates Inc. represented by Marie Buendia, successfully closed the deal with the buyer, Roy Ramautar. Stephen R. Preuss of Cushman & Wakefield served as the broker for this transaction. This successful sale demonstrates the strong demand for mixed-use properties in the Queens market.
Players
South Ozone Park 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
10.58%
Cash-on-Cash
-3.02%
Monthly Payment
$14,164
Annual Debt Svc
$169,964
Annual Cash Flow
$-11,334
DSCR
0.93