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
About this deal
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.
On the Map
$1,450,000
$220/SF
Retail
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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
10.94%
Cash-on-Cash
-3.13%
Monthly Payment
$14,164
Annual Debt Svc
$169,964
Annual Cash Flow
$-11,334
DSCR
0.93