Soloman Isakov Acquires Single-Story Single-Tenant Retail Net-Leased Property In Richmond Hill For $5M
13210-13216 Jamaica Avenue
123,600 SF
Summary
Located at 13210-13216 Jamaica Avenue in Richmond Hill, Jamaica, Queens, this single-story single-tenant retail property has been net-leased to NYC Daycare. The property spans over 12,360 square feet and was sold for a price of $5,000,000, resulting in a price per square foot of $405. With a cap rate of 5%, this property presents a promising investment opportunity.
Summary of transaction details
- Property Type: Single-Story Single-Tenant Retail Net-Leased to NYC (Daycare)
- Transaction Amount: $5,000,000
- Square Footage: 12,360 sf
- Price per Square Foot: $405
- Cap Rate: 5%
- Address: 13210-13216 Jamaica Avenue, New York
- Market: Richmond Hill, Jamaica, Queens
The seller of this property was Mitchell Kaufman, while the buyer was Soloman Isakov. The transaction was facilitated by Stephen R. Preuss of @Cushwake & Asset Commercial Realty Group, with Albert Aranbaev representing the buyer. Stephen R. Preuss acted as the broker in this deal, making it a successful collaboration between the involved parties.
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