Matthew Yazdan Acquires Mixed-Use Property In Jamaica For $710,000
19805 Jamaica Avenue
$710,000
$366/SF
Building Size
1,936 SF
Asset Type
Mixed-use
Closing
Jul 29, 2022
About this deal
AI
The mixed-use property located at 19805 Jamaica Ave. in Jamaica has been sold in a closed transaction. The property spans 1,936 square feet and was sold for a price of $710,000, resulting in a price per square foot of $366. The transaction took place on July 29, 2022. The buyer of the property is Matthew Yazdan, while the seller is Harold McCormack.
Summary of transaction details
- Property Type: Mixed-use
- Transaction Amount: $710,000
- Square Footage: 1,936
- Price per Square Foot: $366
- Address: 19805 Jamaica Ave.
- Market: Jamaica
Matthew Yazdan represented himself as the buyer in this transaction. Harold McCormack, on the other hand, acted as the seller. The sale of this mixed-use property signifies an important real estate transaction in the Jamaica market.
Players
Toms River 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
22.34%
Cash-on-Cash
-6.39%
Monthly Payment
$14,164
Annual Debt Svc
$169,964
Annual Cash Flow
$-11,334
DSCR
0.93