Mubashir Billah Acquires Retail Asset From Deby Duncan For $1.45 Million In Jamaica
175 25 139th Road
$1,450,000
$220/SF
Building Size
6,570 SF
Asset Type
Retail
Closing
May 7, 2025
AI
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.
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
10.94%
Cash-on-Cash
-3.13%
Monthly Payment
$14,164
Annual Debt Svc
$169,964
Annual Cash Flow
$-11,334
DSCR
0.93