NH Property Group Acquires Multifamily Property In Jamaica For $500,000

123-11 152nd Street in Jamaica, NY, a two-family home, has been acquired by NH Property Group, represented by Jacob Namdar. The property was sold by The Estate of Alphonso Robertson, with Anita Robertson as the seller. The transaction took place on January 27, 2022, and the sale price was $500,000. The property consists of 2,112 square feet and has a price per square foot of $236.

Summary of transaction details

• Property Type: Multifamily
• Transaction Amount: $500,000
• Units: 2
• Price Per Unit: $250,000
• Square Footage: 2,112
• Price Per Square Foot: $236
• Market: Jamaica

NH Property Group, led by Jacob Namdar, closed the all-cash deal in under 30 days. In addition to the acquisition of 123-11 152nd Street, they also have a contract to purchase a Corner Mixed-Use building in Williamsburg, which consists of retail space and four apartments. NH Property Group is actively seeking to expand their portfolio with value-add mixed-use, office buildings, retail condos, shopping centers, and multifamily properties in Manhattan, Brooklyn, Queens, the Bronx, and Long Island. Interested parties can contact Jacob Namdar directly via email at [email protected] or by phone at 516.455.4065.