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84-39 Jamaica Avenue

Nirav Patel Purchases Retail Properties At 84-39 Jamaica Avenue For $4.55M With Seller's Rep Ripco
SOLDRetail

Nirav Patel Purchases Retail Properties At 84-39 Jamaica Avenue For $4.55M With Seller's Rep Ripco

84-39 Jamaica Avenue, 84-45 Jamaica Avenue & 86-26 85th Street

$4,550,000

$232/SF

Building Size

19,535 SF

Asset Type

Retail

Closing

Jun 3, 2026

AI

The asset involved in this transaction is a retail property located at 84-39 Jamaica Avenue, 84-45 Jamaica Avenue & 86-26 85th Street in the Woodhaven market. The property was sold for $4,550,000, covering a total square footage of 13,640 with a price per square foot of $333.

Summary of transaction details:

Key individuals involved in this transaction include Nirav Patel as the buyer and Charles Scaturro as the seller. The seller was represented by a team from Ripco, comprising Stephen R. Preuss Sr., Andreas Efthymiou, Kevin Schmitz, Kevin Louie, and Jack Rovner, who facilitated the deal.

Players

Kevin Louie

Ripco

Broker

$1.1B

vol

129 deals

Broker

Woodhaven 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

3.49%

Cash-on-Cash

-1.00%

Monthly Payment

$14,164

Annual Debt Svc

$169,964

Annual Cash Flow

$-11,334

DSCR

0.93