Karl Ashmawy Purchases Retail Property From Dabah Family For $4.95 Million In Downtown Jamaica

The retail property located at 165-02 Jamaica Avenue in Downtown Jamaica has been sold for a transaction amount of $4,950,000. It encompasses a total square footage of 11,862, resulting in a price per square foot of $417.

Summary of transaction details:

• Property Type: Retail
• Transaction Amount: $4,950,000
• Address: 165-02 Jamaica Avenue
• Market: Downtown Jamaica
• Square Footage: 11,862
• Price Per Square Foot: $417
• Buyer: Karl Ashmawy
• Seller: Dabah Family
• Broker: Ohad Babo - KSR

Karl Ashmawy completed the purchase from the Dabah Family, with the deal facilitated by broker Ohad Babo from KSR. This acquisition reflects the continued interest in retail assets within the Downtown Jamaica area.