Jonah Kriger Acquires Mixed-Use Property In Queens Village For $680,000
SOLD
$680,000
New York
See Similar DealsMixed-use2,333 SF
Sold 05/03/2021
SOLD
Jonah Kriger Acquires Mixed-Use Property In Queens Village For $680,000
21713 Jamaica Avenue, Queens Village, NY 11428, USA
See Similar DealsMixed-use2,333 SF
Sold 05/03/2021
Summary
NEW YORK
Asset Type:Mixed-use
Price Per Square Foot:$291
Total Square Footage:2,333 SF
Transaction Type:Sale
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.
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Deal Type
30 years
10 years
Operating Income
Operating Expenses (Annual)
Net Operating Income (NOI)
$36,266.67
Debt Service Coverage Ratio (DSCR)
0.94x
Cap Rate
5.33%
Cash Flow (Annual)-$2,415.90
Cash-on-Cash Return-1.27%
Monthly Debt Service$3,223.55
Annual Debt Service$38,682.56
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