Ridwan Kabir Acquires Multifamily Property In Jamaica Estates, Queens For $4.4M

An investor represented by Ridwan Kabir, of Panchgaon Realty LLC, recently purchased two 12-unit walkup properties located at 87-17 Home Lawn Street in Jamaica Estates, Queens. The properties were acquired from Mohammed Nuruddin and Mirza Rahman through 87-13 Homelawn Realty LLC for a total of $4.4 million. This multifamily asset offers a total of 12 units, resulting in a price per unit of approximately $366,667. The property spans a total area of 14,719 square feet, with a price per square foot of $299.

Summary of transaction details

• Property Type: Multifamily
• Transaction Amount: $4,400,000
• Number of Units: 12
• Price Per Unit: $366,667
• Total Square Footage: 14,719
• Price Per Square Foot: $299
• Address: 87-17 Home Lawn Street, Jamaica Estates, Queens

Ridwan Kabir, representing Panchgaon Realty LLC, played a key role in the acquisition of these properties, which are situated in the sought-after market of Jamaica Estates, Queens. This successful transaction highlights the ongoing real estate activity in the area and the opportunities available for investors in multifamily assets.