Thomas Donovan Tommy Lin & Eugene Kim Of Meridian Capital Group Sell Retail Asset In Jamaica For $4.45M
166 30 Jamaica Avenue
$4,450,000
$445/SF
Building Size
10,000 SF
Asset Type
Retail
Closing
Dec 1, 2025
About this deal
AI
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.
On the Map
$4,450,000
$445/SF
Retail
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Property Record
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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
3.56%
Cash-on-Cash
-1.02%
Monthly Payment
$14,164
Annual Debt Svc
$169,964
Annual Cash Flow
$-11,334
DSCR
0.93