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Humayun Rashid Acquires Mixed-Use Property In Woodhaven, Queens For $1.365M

79-01 Jamaica Avenue
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This Mixed-use property located in NY was sold for $1,365,000 about 5 years ago. The brokers of the deal were Kevin Schmitz and Stephen R. Preuss Sr.

A mixed-use property located at 79-01 Jamaica Ave in Woodhaven, Queens was recently sold in a transaction that closed on March 4, 2019. The property, spanning 3,600 square feet, was sold for a price of $1.365 million, resulting in a price per square foot of $379. The transaction had a capitalization rate of 2.1%. The seller of the property was Dave Caccavo, while the buyer was Humayun Rashid.

Summary of transaction details:

  • Property Type: Mixed-Use
  • Transaction Amount: $1.365 million
  • Address: 79-01 Jamaica Ave, Woodhaven, Queens
  • Square Footage: 3,600
  • Price Per Square Foot: $379
  • Capitalization Rate: 2.1%

The transaction was facilitated by brokers Stephen R. Preuss and Kevin Schmitz, representing Team Preuss and Cush Wake, respectively.

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Deals
  • Location
    79-01 Jamaica Ave, Woodhaven, Queens County, NY, USA79-01 Jamaica Ave, Woodhaven, Queens County, NY, USA
  • Sale Price
    $1,365,000$1,365,000
    $379 PPSF$379 PPSF
  • Area
    3,600 SF3,600 SF
  • Asset Type
    Mixed-useMixed-use
  • Parties
    2 Brokers, 1 Agency2 Brokers, 1 Agency

Agents

Kevin Schmitz

Kevin Schmitz

Deals74
Sold$594.9M

Stephen R. Preuss Sr.

Stephen R. Preuss Sr.

Deals179
Financed$1.3B

Agency

Ripco

Ripco

Agency
Deals629
Volume$4.2B

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Deal Summary

SALE IMAGE: Kevin Schmitz and Stephen R. Preuss DATE: 3/4/2019 ADDRESS: 79-01 Jamaica Ave MARKET: Woodhaven, Queens ASSET TYPE: Mixed-Use SELLER: Dave Caccavo BUYER: Humayun Rashid BROKERS: Stephen R. Preuss, Kevin Schmitz @teampreuss @cushwake SALE PRICE: $1.365M SF: 3,600 ~ PPSF: $379 CAP RATE: 2.1%

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79-01 Jamaica Avenue

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