SOLD
Mike Ciatto Acquires Single-Tenant Medical Office Building In Jamaica For $730K
208-11 Hillside Avenue
Office
1,800 SF
1,800 SF
Sold 1 year ago
Summary
Sale
NEW YORK
Office
1,800 sqft
The single-tenant medical office building located at 208-11 Hillside Avenue in Jamaica has been sold for $730,000. The property consists of 1,800 square feet, resulting in a price per square foot of $406. The transaction was completed with a capitalization rate of 6.6%.
Summary of transation details
- Property Type: Single-Tenant Medical Office Building
- Transaction Amount: $730,000
- Square Footage: 1,800
- Price Per Square Foot: $406
- Capitalization Rate: 6.6%
- Market: Jamaica
The seller of the property was Dave Schnapp, while the buyer was Mike Ciatto. The transaction was facilitated by Charlie Dupont from TeamPreuss.
Additionally, it is worth noting that there is a NNN 10-Year Lease Term remaining for the property.
Players
All
2
Agents
1
Agencies
1
Details
SOLD
IMAGE: Charlie Dupont
DATE: 03/16/2020
ADDRESS: 208-11 Hillside Avenue
MARKET: Jamaica
ASSET TYPE: Single-Tenant Medical Office Building
SALE PRICE: $730,000
SF: 1,800 PPSF: $406
CAP: 6.6%
SELLER: Dave Schnapp
BUYER: Mike Ciatto
BROKER: Charlie Dupont @TeamPreuss
NOTE: NNN 10-Year Lease Term RemainingView on map
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Address208-11 Hillside Avenue
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