Ryan Korkos Of Royal Capital Group Acquires SFR In Jamaica From Hodges Family For $450,000
SOLD
$450,000
New York
See Similar DealsSingle Family Residence1,500 SF
Sold 06/08/2026
SOLD
Ryan Korkos Of Royal Capital Group Acquires SFR In Jamaica From Hodges Family For $450,000
Single Family Residence1,500 SF
Sold 06/08/2026
Summary
Asset Type:Single Family Residence
Price Per Square Foot:$300
Total Square Footage:1,500 SF
Transaction Type:Sale
The asset involved in this transaction is a single-family residence located in Jamaica, selling for $450,000. The property has a total square footage of 1,500, resulting in a price per square foot of $300.
Summary of transaction details:
- Property Type: SFR
- Transaction Amount: $450,000
- Buyer: Ryan Korkos - Royal Capital Group
- Seller: Hodges Family
- Market: Jamaica
- Square Footage: 1,500
- Price per Square Foot: $300
Ryan Korkos represents Royal Capital Group, which focuses on buying distressed properties throughout the 5 Boroughs and enhancing their value through strategic renovations and redevelopment. The company is on the lookout for off-market opportunities, estates, foreclosures, vacant homes, and properties requiring work.
Details
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Deal Type
30 years
10 years
Operating Income
Operating Expenses (Annual)
Net Operating Income (NOI)
$24,000.00
Debt Service Coverage Ratio (DSCR)
0.94x
Cap Rate
5.33%
Cash Flow (Annual)-$1,598.75
Cash-on-Cash Return-1.27%
Monthly Debt Service$2,133.23
Annual Debt Service$25,598.75
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