SOLDRetail
Teram Evijar Purchases Retail Property At 90-40 Parsons Boulevard For $1,900,000
90-40 Parsons Boulevard
$1,900,000
$357/SF
Building Size
5,310 SF
Asset Type
Retail
Closing
Sep 30, 2026
About this deal
AI
The property asset involved in this transaction is a retail space located at 90-40 Parsons Boulevard in Jamaica. It was sold for $1,900,000 and has a size of 5,310 square feet, giving it a price per square foot of $357.
Summary of transaction details:
- Property Type: Retail
- Transaction Amount: $1,900,000
- Address: 90-40 Parsons Boulevard
- Market: Jamaica
- Square Footage: 5,310
- Price Per Square Foot: $357
- Buyer: Teram Evijar
- Seller: Andy Berger
- Broker Representatives: Alexandre Goulet & Anand Melwani - Landair Advisors
This transaction was facilitated by Landair Advisors, representing both the buyer and seller. It was noted as a simultaneous sign and close deal, providing certainty for both parties and enabling a quick and clean execution of the transaction.
On the Map
$1,900,000
$357/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
8.35%
Cash-on-Cash
-2.39%
Monthly Payment
$14,164
Annual Debt Svc
$169,964
Annual Cash Flow
$-11,334
DSCR
0.93