Humayun Rashid Acquires Mixed-Use Property In Woodhaven, Queens For $1.365M
79-01 Jamaica Ave, Woodhaven, Queens County, NY, USA
$1,365,000
$379/SF
Building Size
3,600 SF
Asset Type
Mixed-use
Closing
Mar 3, 2019
About this deal
AI
A mixed-use property located at 79-01 Jamaica Ave in Woodhaven, Queens was recently sold in a transaction that closed on March 4, 2019. The property, spanning 3,600 square feet, was sold for a price of $1.365 million, resulting in a price per square foot of $379. The transaction had a capitalization rate of 2.1%. The seller of the property was Dave Caccavo, while the buyer was Humayun Rashid.
Summary of transaction details:
- Property Type: Mixed-Use
- Transaction Amount: $1.365 million
- Address: 79-01 Jamaica Ave, Woodhaven, Queens
- Square Footage: 3,600
- Price Per Square Foot: $379
- Capitalization Rate: 2.1%
The transaction was facilitated by brokers Stephen R. Preuss and Kevin Schmitz, representing Team Preuss and Cush Wake, respectively.
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
11.62%
Cash-on-Cash
-3.32%
Monthly Payment
$14,164
Annual Debt Svc
$169,964
Annual Cash Flow
$-11,334
DSCR
0.93