Thomas Donovan Tommy Lin & Eugene Kim Of Meridian Capital Group Sell Retail Asset In Jamaica For $4.45M
SOLD
$4,450,000
New York
See Similar DealsRetail10,000 SF
Sold 12/02/2025
SOLD
Thomas Donovan Tommy Lin & Eugene Kim Of Meridian Capital Group Sell Retail Asset In Jamaica For $4.45M
166 30 Jamaica Avenue
See Similar DealsRetail10,000 SF
Sold 12/02/2025
Summary
NEW YORK
Asset Type:Retail
Price Per Square Foot:$445
Total Square Footage:10,000 SF
Transaction Type:Sale
The property asset involved in this transaction is a retail space located at 166-30 Jamaica Avenue in the Jamaica market. It was sold for $4,450,000, encompassing a total area of 10,000 square feet, which translates to a price per square foot of $445.
Summary of transaction details:
- Property Type: Retail
- Transaction Amount: $4,450,000
- Square Footage: 10,000 SF
- Price Per Square Foot: $445
- Cap Rate: 6.25%
- Seller's Representatives: Thomas Donovan, Tommy Lin & Eugene Kim - Meridian Capital Group
- Date of Transaction: 12/2/2025
The deal was facilitated by Thomas Donovan, Tommy Lin, and Eugene Kim, who represent the seller through Meridian Capital Group. Their involvement highlights the brokerage firm's role in managing the transaction effectively within the retail sector.
Players
BROKERAGE
Details
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Deal Type
30 years
10 years
Operating Income
Operating Expenses (Annual)
Net Operating Income (NOI)
$237,333.32
Debt Service Coverage Ratio (DSCR)
0.94x
Cap Rate
5.33%
Cash Flow (Annual)-$15,809.92
Cash-on-Cash Return-1.27%
Monthly Debt Service$21,095.27
Annual Debt Service$253,143.24
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