Christopher Todd Acquires Jamaica, Queens Retail Property From The Briad Group For $6.5M
138-33 Jamaica Ave, Jamaica, Queens County, NY, USA
$6,500,000
$166/SF
Building Size
39,000 SF
Asset Type
Retail
Closing
Jan 21, 2021
About this deal
AI
A retail property located at 138-33 Jamaica Ave in Jamaica, Queens was recently sold for $6,500,000. The property has a building square footage of 39,000 with a price per square foot of $166. It sits on a lot measuring 107 ft x 100 ft. The property falls under the zoning classifications of R6A and C2-4.
Summary of transaction details
- Property Type: Retail
- Transaction Amount: $6,500,000
- Building Square Footage: 39,000
- Price per Square Foot: $166
- Lot Size: 107 ft x 100 ft
The buyer of the property is Christopher Todd. The seller is The Briad Group, represented by Bradford Honigfeld.
Players
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Purchase Price
Annual NOI
Loan Amount
Interest Rate (%)
Loan Term (yrs)
Down Payment (%)
Cap Rate
2.44%
Cash-on-Cash
-0.70%
Monthly Payment
$14,164
Annual Debt Svc
$169,964
Annual Cash Flow
$-11,334
DSCR
0.93