Mahmoud Widdi Acquires Retail Property In Jamaica, Queens For $4.5M
109 Guy R. Brewer Boulevard, Queens, New York 11434, United States
$4,500,000
$506/SF
Building Size
8,885 SF
Asset Type
Retail
Closing
Mar 21, 2022
AI
The retail property located at 109-117 Guy R. Brewer Blvd. in Jamaica, Queens has been sold for $4,500,000. The property spans 8,885 square feet, resulting in a price per square foot of $506. The transaction took place on March 22, 2022, facilitated by Scott Plasky and Billy Stephan from Marcus & Millichap.
Summary of transaction details:
- Property Type: Retail
- Transaction Amount: $4,500,000
- Address: 109-117 Guy R. Brewer Blvd.
- Market: Jamaica, Queens
- Square Footage: 8,885
Mahmoud Widdi acquired the property from Itzhaki Properties, represented by Erez Itzhaki. The sale was brokered by Scott Plasky and Billy Stephan from Marcus & Millichap. Additional details regarding the deal are not available.
Players
New York Retail Market Snapshot
Boundary boundary · Retail · Sale transactions
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Purchase Price
Annual NOI
Loan Amount
Interest Rate (%)
Loan Term (yrs)
Down Payment (%)
Cap Rate
3.53%
Cash-on-Cash
-1.01%
Monthly Payment
$14,164
Annual Debt Svc
$169,964
Annual Cash Flow
$-11,334
DSCR
0.93