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175 25 139th Road

Mubashir Billah Acquires Retail Asset From Deby Duncan For $1.45 Million In Jamaica
SOLDRetail

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:

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

Alexander Taic

Ariel Property Advisors

Broker

$148.4M

vol

20 deals

Broker

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