Joseph L Jemal And Abraham Kassin Acquire Day Care Center In Jamaica, Queens For $2.5M
118-49 Montauk Street, Jamaica, NY, USA
$3,500,000
$202/SF
Building Size
17,279 SF
Asset Type
Other
Closing
Jun 15, 2020
About this deal
AI
A day care center located at 118-49 Montauk St in Jamaica, Queens was recently sold for $2,500,000. The property spans 17,279 square feet, resulting in a price per square foot of $144. The sale took place on June 16, 2020.
Summary of transaction details
- Property Type: Day Care Center
- Sale Price: $2,500,000
- Address: 118-49 Montauk St
- Market: Jamaica, Queens
Matthew Rettner was the seller of the property, while the buyers were Joseph L Jemal from IcerProperties and Abraham Kassin from Kassin_Sabbagh_Realty. Caesar Salama from Kassin_Sabbagh_Realty represented the buyers in the transaction.
Saint Albans Other Market Snapshot
Boundary boundary · Other · Sale transactions
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Purchase Price
Annual NOI
Loan Amount
Interest Rate (%)
Loan Term (yrs)
Down Payment (%)
Cap Rate
4.53%
Cash-on-Cash
-1.30%
Monthly Payment
$14,164
Annual Debt Svc
$169,964
Annual Cash Flow
$-11,334
DSCR
0.93