Roy Ramataur Acquires Mixed-Use Property In Jamaica, Queens For $570K
142-19 Rockaway Blvd, Jamaica, Queens County, NY, USA
$570,000
$330/SF
Building Size
1,727 SF
Asset Type
Mixed-use
Closing
Jul 26, 2020
AI
The mixed-use property located at 142-19 Rockaway Blvd. in Jamaica, Queens has been sold. The property spans a total area of 1,727 square feet. It is zoned as R5D for residential use and C1-3 for commercial use. The transaction took place on July 26, 2021.
Summary of transaction details
- Property Type: Mixed-use
- Transaction Amount: $570,000
- Asking Price: $600,000
- Square Footage: 1,727
- Price Per Square Foot: $330
- Market: Jamaica, Queens
Roy Ramataur has purchased the property from Israel Yakubov. The buyer was represented by Mike Sezan and Isaac Matayev from AssetCRG. The transaction was facilitated by the brokers named above.
Players
Jamaica 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