Aaron Kahen Of KP Developers Acquires Mixed-Use Property In Jackson Heights For $2.1M
79-17 Roosevelt Avenue
$2,100,000
$868/SF
Building Size
2,418 SF
Asset Type
Mixed-use
Closing
May 25, 2026
About this deal
AI
The mixed-use property located at 79-17 Roosevelt Avenue in the Jackson Heights market was sold for $2,100,000. The asset encompasses a total square footage of 2,418, resulting in a price per square foot of $868.
Summary of transaction details:
- Property Type: Mixed-use
- Transaction Amount: $2,100,000
- Buyer: Aaron Kahen - KP Developers
- Seller: Fung Family
- Square Footage: 2,418
- Price Per Square Foot: $868
- Sale Date: 5/26/2026
Aaron Kahen, representing KP Developers, is actively expanding and is aggressively purchasing retail properties in the Jackson Heights and Corona areas. Interested parties can contact him for any opportunities at [email protected].
On the Map
$2,100,000
$868/SF
Mixed-use
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Players
Jackson Heights 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
7.55%
Cash-on-Cash
-2.16%
Monthly Payment
$14,164
Annual Debt Svc
$169,964
Annual Cash Flow
$-11,334
DSCR
0.93