Updated Dec 21, 2023
Robert Davoodzadeh Acquires Multifamily Property In Jamaica For $2.25M
9039 148th Street, Jamaica, NY 11435
$2,250,000
$173/SF
Building Size
13,000 SF
Asset Type
MultiFamily
Closing
Sep 21, 2021
About this deal
AI
A multifamily property located at 90-39 148th Street in Jamaica has been sold for $2,250,000. The property consists of 17 units with a price per unit of $132,352. The total square footage of the property is 13,000, with a price per square foot of $173. The transaction took place on September 21, 2021.
Summary of transaction details:
- Property Type: Multifamily
- Transaction Amount: $2,250,000
- Address: 90-39 148th Street
- Market: Jamaica
- Units: 17
- Price per Unit: $132,352
- Total Square Footage: 13,000
- Price per Square Foot: $173
The buyer of the property is Robert Davoodzadeh, while the seller is Nicholas Genovese. The sale was facilitated by Matthew Kucker and Jordan Baruch of Colliers International.
On the Map
$2,250,000
$173/SF
MultiFamily
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New York MultiFamily Market Snapshot
Boundary boundary · MultiFamily · Sale transactions
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Purchase Price
Annual NOI
Loan Amount
Interest Rate (%)
Loan Term (yrs)
Down Payment (%)
Cap Rate
7.05%
Cash-on-Cash
-2.01%
Monthly Payment
$14,164
Annual Debt Svc
$169,964
Annual Cash Flow
$-11,334
DSCR
0.93