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142-19 Rockaway Blvd, Jamai...

Roy Ramataur Acquires Mixed-Use Property In Jamaica, Queens For $570K
SOLDMixed-use

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

Mike Sezan

Asset CRG Advisors

Broker

$117.6M

vol

17 deals

Broker

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