Rudy Quiambo Acquires Multi-Family Property In Queens For $1.9M

A multi-family property located at 87-05 168th Street in Jamaica, Queens has been sold for a price of $1,900,000. The property consists of 6 units with an average price per unit of $317,000. The total square footage of the property is 4,810, resulting in a price per square foot of $395. The transaction was completed with a capitalization rate of 4%.

Summary of transaction details:

• Property Type: Multi-Family
• Transaction Amount: $1,900,000
• Units: 6
• Price per Unit: $317,000
• Square Footage: 4,810
• Price per Square Foot: $395
• Capitalization Rate: 4%

The seller of the property was Dr. Khadija Shakir, while the buyer was Rudy Quiambo. The deal was facilitated by Stephen R. Preuss of CushWake.