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21713 Jamaica Avenue, Queen...

Jonah Kriger Acquires Mixed-Use Property In Queens Village For $680,000
SOLDMixed-use

Jonah Kriger Acquires Mixed-Use Property In Queens Village For $680,000

21713 Jamaica Avenue, Queens Village, NY 11428, USA

$680,000

$291/SF

Building Size

2,333 SF

Asset Type

Mixed-use

Closing

May 2, 2021

AI

A mixed-use property located at 217-13 Jamaica Ave in Queens Village has been sold for a price of $680,000. The property has a building square footage (BSF) of 5,508 and a price per building square foot (PPBSF) of $123. The total square footage (SF) of the property is 2,333, with a price per square foot (PPSF) of $291.

Summary of transaction details

  • Property Type: Mixed-use
  • Transaction Amount: $680,000
  • Buyer: Jonah Kriger - Penn Plaza Consultants Group
  • Seller: Heinz Watje
  • Broker: Mike Sezan - AssetCRG
  • Market: Queens Village

The buyer of the property is Jonah Kriger, representing Penn Plaza Consultants Group, while the seller is Heinz Watje. The broker involved in the transaction is Mike Sezan from AssetCRG.

Players

Mike Sezan

Asset CRG Advisors

Broker

$117.6M

vol

17 deals

Broker
Jonah Kriger

Jonah Kriger

Penn Plaza Consultants Group

Buyer

$39.2M

vol

5 deals

Buyer

New York 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

23.33%

Cash-on-Cash

-6.67%

Monthly Payment

$14,164

Annual Debt Svc

$169,964

Annual Cash Flow

$-11,334

DSCR

0.93