Aaron Kahen Of KP Developers Acquires Mixed-Use Property In Jackson Heights For $2.1M
SOLD
$2,100,000
New York
See Similar DealsMixed-use2,418 SF
Sold 05/26/2026
SOLD
Aaron Kahen Of KP Developers Acquires Mixed-Use Property In Jackson Heights For $2.1M
79-17 Roosevelt Avenue
See Similar DealsMixed-use2,418 SF
Sold 05/26/2026
Summary
NEW YORK
Asset Type:Mixed-use
Price Per Square Foot:$868
Total Square Footage:2,418 SF
Transaction Type:Sale
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].
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Deal Type
30 years
10 years
Operating Income
Operating Expenses (Annual)
Net Operating Income (NOI)
$112,000.01
Debt Service Coverage Ratio (DSCR)
0.94x
Cap Rate
5.33%
Cash Flow (Annual)-$7,460.85
Cash-on-Cash Return-1.27%
Monthly Debt Service$9,955.07
Annual Debt Service$119,460.86
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