Dabi Family Acquires Mixed-Use Building From Butler Family In Richmond Hill For $1.846M

This transaction involved a mixed-use building located at 123-02 Jamaica Avenue in Richmond Hill, NY, which sold for $1,846,000. The asset encompasses 5,509 square feet and was priced at $335.09 per square foot. Originally constructed in 1910, the property underwent renovations in 2010 and features 11 units comprising 9 residential units and 2 retail units.

Summary of transation details:

• Property Type: Mixed-use
• Transaction Amount: $1,846,000
• Square Footage: 5,509
• Price per Square Foot: $335.09
• Buyer: Dabi Family
• Seller: Butler Family
• Broker for Seller: Isaac Matayev - Asset CRG Advisors
• Broker for Buyer: Amrit Dabi - Elite Realty of USA
• Construction Year: 1910
• Renovation Year: 2010
• Residential Units: 9
• Retail Units: 2

Isaac Matayev represented the seller, Butler Family, while Amrit Dabi from Elite Realty of USA represented the buyer, Dabi Family. Asset CRG Advisors, led by Isaac Matayev, successfully facilitated this sale and is currently marketing several other properties in the boroughs.