Isaac Malekan Acquires Retail Property In Queens For $1M With Brokers Stephen R. Preuss And Kevin Schmitz
189 30 Linden Blvd, Jamaica, Ny 11412, Usa
$1,000,000
$33/SF
Building Size
30,000 SF
Asset Type
Retail
Closing
Nov 18, 2019
AI
An retail property located at 189-30 Linden Boulevard in Queens has been sold for $1,000,000. The property spans 3,000 square feet, resulting in a price per square foot of $333. It consists of 3 units, with each unit priced at $333,333. The transaction took place between seller Yehuda Cohen and buyer Isaac Malekan.
Summary of transaction details
- Property Type: Retail
- Transaction Amount: $1,000,000
- Square Footage: 3,000
- Price per Square Foot: $333
- Units: 3
- Price per Unit: $333,333
The deal was facilitated by brokers Stephen R. Preuss and Kevin Schmitz from Cushwake. This sale adds to Team Preuss' successful year, marking their 52nd property transaction in 2019.
Players
Saint Albans 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
15.86%
Cash-on-Cash
-4.53%
Monthly Payment
$14,164
Annual Debt Svc
$169,964
Annual Cash Flow
$-11,334
DSCR
0.93