Jackson Group Acquires Retail Property In Jamaica, Queens For $19.25M

Located at 162-21 Jamaica Avenue in Jamaica, Queens, this retail property was recently sold by Jenel Management to Jackson Group - Elliott Chehebar. The sale price for this asset was $19,250,000, with a total square footage of 80,000. With a price per square foot of $241, this property offers a valuable investment opportunity in the local market.

Summary of transaction details

• Property Type: Retail
• Transaction Amount: $19,250,000
• Square Footage: 80,000
• Price per Square Foot: $241
• Address: 162-21 Jamaica Avenue, Jamaica, Queens
• Buyer: Jackson Group - Elliott Chehebar
• Seller: Jenel Management

Elliott Chehebar, representing Jackson Group, played a crucial role in the acquisition of this retail property. This transaction highlights the expertise and strategic decision-making of both the buyer and the seller. The sales price of $19,250,000 and the large square footage of 80,000 demonstrate the significance and potential of this investment opportunity in Jamaica, Queens.