Soloman Isakov Acquires Single-Story Single-Tenant Retail Net-Leased Property In Richmond Hill For $5M

Located at 13210-13216 Jamaica Avenue in Richmond Hill, Jamaica, Queens, this single-story single-tenant retail property has been net-leased to NYC Daycare. The property spans over 12,360 square feet and was sold for a price of $5,000,000, resulting in a price per square foot of $405. With a cap rate of 5%, this property presents a promising investment opportunity.

Summary of transaction details

• Property Type: Single-Story Single-Tenant Retail Net-Leased to NYC (Daycare)
• Transaction Amount: $5,000,000
• Square Footage: 12,360 sf
• Price per Square Foot: $405
• Cap Rate: 5%
• Address: 13210-13216 Jamaica Avenue, New York
• Market: Richmond Hill, Jamaica, Queens

The seller of this property was Mitchell Kaufman, while the buyer was Soloman Isakov. The transaction was facilitated by Stephen R. Preuss of @Cushwake & Asset Commercial Realty Group, with Albert Aranbaev representing the buyer. Stephen R. Preuss acted as the broker in this deal, making it a successful collaboration between the involved parties.