Jessica Dabney Sells Retail Property In Jamaica Estates For $5.5M

The retail property located at 184-01 Hillside Avenue in Jamaica Estates has been sold for a price of $5,500,000. The property spans 3,525 square feet, resulting in a price per square foot of $1,560. It is situated in a prime location in the market of Jamaica Estates.

Summary of transaction details

• Property Type: Retail
• Transaction Amount: $5,500,000
• Address: 184-01 Hillside Avenue
• Square Footage: 3,525
• Price per Square Foot: $1,560
• Market: Jamaica Estates

The seller of the property was Jessica Dabney. The transaction was facilitated by Ben Tapper, Sean Slattery, Kyle Williams, and Dylan Rocchio from Lee & Associates. They represented the seller in the deal.

According to the broker, the property is currently NNN (Triple Net) leased to Chase. Despite being leased, the property exchanged hands at a cap rate below 2.25% based on the existing rental income. The buyer intends to take advantage of the site's development potential once it becomes vacant in the future.

For more information, you can contact the brokers involved in the deal:

• Ben Tapper - Email: [email protected]
• Sean Slattery - Email: [email protected]
• Kyle Williams - Email: [email protected]
• Dylan Rocchio - Email: [email protected]