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139th Street, Queens, New Y...

Updated Dec 20, 2023

Leah Rambo Acquires Retail Property In Jamaica, Queens For $3.75M
SOLDRetail

Leah Rambo Acquires Retail Property In Jamaica, Queens For $3.75M

139th Street, Queens, New York 11436, United States

$3,750,000

$568/SF

Building Size

6,601 SF

Asset Type

Retail

Closing

Mar 30, 2022

About this deal

AI

The property at 138-62 139th Street in Jamaica, Queens has been sold in a closed transaction. The retail asset is situated on a lot size of 1,788 square feet, with a lot dimension measuring 123 feet by 95.83 feet. The zoning for the property includes R6A, R5, and C2-4. The transaction took place on March 31, 2022.

Summary of transaction details

  • Property Type: Retail
  • Transaction Amount: $3,750,000
  • Building Square Footage: 6,601
  • Price per Square Foot: $568
  • Building Square Footage per Sale Price: $106
  • FAR: 0.56
  • Tax Class: 4
  • Permits: Alteration 2 (06/19/2015)

The buyer in this transaction is Leah Rambo, while Lyudmila Koyenova is identified as the seller. The property was purchased at a price of $3,750,000, with a building square footage of 6,601 and a price per square foot of $568. The price per square foot stands at $106. The property's FAR is 0.56, and it falls under tax class 4. It is worth noting that there was an alteration permit obtained on June 19, 2015.

Players

New York Retail Market Snapshot

Boundary boundary · Retail · Sale transactions

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Deal FAQ

About $568 per square foot on a published $3.8M for 6,601 square feet (2022).

Browse New York retail sales on Traded.

Purchase Price

Annual NOI

Loan Amount

Interest Rate (%)

Loan Term (yrs)

Down Payment (%)

Cap Rate

4.23%

Cash-on-Cash

-1.21%

Monthly Payment

$14,164

Annual Debt Svc

$169,964

Annual Cash Flow

$-11,334

DSCR

0.93

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