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
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