Mubashir Billah Acquires Retail Asset From Deby Duncan For $1.45 Million In Jamaica
SOLD
$1,450,000
New York
See Similar DealsRetail6,570 SF
Sold 05/07/2025
SOLD
Mubashir Billah Acquires Retail Asset From Deby Duncan For $1.45 Million In Jamaica
175 25 139th Road
See Similar DealsRetail6,570 SF
Sold 05/07/2025
Summary
NEW YORK
Asset Type:Retail
Price Per Square Foot:$220
Total Square Footage:6,570 SF
Transaction Type:Sale
The retail asset located at 175-25 139th Road in Jamaica has been successfully sold for $1,450,000. The property encompasses a total space of 6,300 square feet and is comprised of 4 units, each priced at approximately $362,500 based on the per unit pricing.
Summary of transaction details:
- Property Type: Retail
- Transaction Amount: $1,450,000
- Square Footage: 6,300
- Price per Square Foot: $227
- Number of Units: 4
- Price per Unit: $362,500
- Buyer: Mubashir Billah
- Seller: Deby Duncan - Duncan & Duncan Inc.
- Brokers: Alexander Taic & Lawrence Sarn - Ariel Property Advisors
- Date of Transaction: 5/8/2025
The deal involved key parties including buyer Mubashir Billah and seller Deby Duncan of Duncan & Duncan Inc. The transaction was facilitated by brokers Alexander Taic and Lawrence Sarn from Ariel Property Advisors, who represented the seller in this transaction.
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Deal Type
30 years
10 years
Operating Income
Operating Expenses (Annual)
Net Operating Income (NOI)
$77,333.33
Debt Service Coverage Ratio (DSCR)
0.94x
Cap Rate
5.33%
Cash Flow (Annual)-$5,151.55
Cash-on-Cash Return-1.27%
Monthly Debt Service$6,873.74
Annual Debt Service$82,484.88
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