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

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SOLD
$500,000

New York

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MultiFamily2,112 SF
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NH Property Group Acquires Multifamily Property In Jamaica For $500,000

123-11 152nd Street, Queens, New York 11434, United States

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MultiFamily2,112 SF
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Summary

NEW YORK
Asset Type:MultiFamily
Price Per Square Foot:$236
Total Square Footage:2112 SF
Transaction Type:Sale

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.

Players

Jacob Namdar
15 deals$22.7M volume
BUYER

Jacob Namdar
15 deals$22.7M volume
BUYER

Details

SOLD
IMAGE: Jacob Namdar DATE: 01/27/2022 ADDRESS: 123-11 152nd Street MARKET: Jamaica ASSET TYPE: Multifamily BUYER: NH Property Group - Jacob Namdar (@JakeNamdar) SELLER: The Estate of Alphonso Robertson - Anita Robertson SALE PRICE: $500,000 UNITS: 2 ~ PPU: $250,000 SF: 2,112 ~ PPSF: $236 NOTE FROM BUYER: We are proud to announce the acquisition of 123-11 152nd Street, Jamaica, NY - Two Family Home. We closed all-cash in under 30 days. We are also under contract to purchase a Corner Mixed-Use building in Williamsburg, consisting of Retail + 4 Apartments. We have 7 pending acquisitions & are actively looking to expand our portfolio in the boroughs. Looking to acquire value-add mixed-use, office buildings, retail condos, shopping centers, & multifamily properties in Manhattan, Brooklyn, Queens, the Bronx, & Long Island. Our Budget: No minimum size - up to $100M Please reach out to discuss future opportunities. I can be reached directly at [email protected] or 516.455.4065

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Debt Service Coverage Ratio (DSCR)

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