Goldenberg Family Acquires 2,800 SF Retail Space In Downtown Jamaica For $1.425M
92-15 149th St, Jamaica, NY 11435, USA
Building Size
28,000 SF
Asset Type
Retail
Closing
May 31, 2018
AI
The retail property located at 149-15 Jamaica Avenue in New York has been sold in a closed transaction. The property measures 2,800 square feet and was sold for a price of $1,425,000, resulting in a price per square foot of $509. The property is situated in Downtown Jamaica, which adds to its appeal in the market.
Summary of transaction details
- Property Type: Retail
- Transaction Amount: $1,425,000
- Square Footage: 2,800 sf
- Price per Square Foot: $509
- Address: 149-15 Jamaica Avenue, New York
- Market: Downtown Jamaica
The seller of the property was Mazol Fuzaylov, while the buyer was the Goldenberg Family. The transaction was facilitated by Daniel Abbondandolo, a representative from @CushWake. The involvement of these individuals and companies adds significance to the deal.
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
5.80%
Cash-on-Cash
-1.66%
Monthly Payment
$14,164
Annual Debt Svc
$169,964
Annual Cash Flow
$-11,334
DSCR
0.93