Moshe Koplowitz Acquires Retail Property On Guy R Brewer Blvd In South Queens For $1.34M
14588 Guy R Brewer Boulevard, South Jamaica, NY, USA
$1,340,000
$319/SF
Building Size
4,200 SF
Asset Type
Retail
Closing
Jan 15, 2019
About this deal
AI
The retail property located at 145-88 Guy R Brewer Blvd in South Queens has been sold for $1,340,000. The transaction took place on January 16, 2019. The property spans an area of 4,200 square feet, resulting in a price per square foot of $319. It consists of a single unit and has a capitalization rate of 7.23%.
Summary of transaction details
- Property Type: Retail
- Sale Price: $1,340,000
- Square Footage: 4,200
- Price per Square Foot: $319
- Units: 1
- Capitalization Rate: 7.23%
Marie Herbert acted as the seller, while Moshe Koplowitz is the buyer of the property. The deal was facilitated by brokers Scott Plasky and William Stephan from the Bill Stephan IV and Scott Plasky teams, respectively.
Players
Jamaica 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
11.84%
Cash-on-Cash
-3.38%
Monthly Payment
$14,164
Annual Debt Svc
$169,964
Annual Cash Flow
$-11,334
DSCR
0.93