Massey Knakal Sells Mixed-Use Building In Richmond Hill
A mixed-use building at 131-15 Jamaica Avenue located between 131st and 132nd Streets in Richmond Hill neighborhood of Queens, was sold in a transaction valued at $500,000.
The two-story building contains approximately 2,200 square feet and sits on a 20’ x 93’ lot. It consists of one commercial space, currently leased to a bar, and two one-bedroom apartments. The sale price equates to approximately $227 per square foot.
The property is located only two blocks away from Jamaica Hospital Medical Center, as well as major modes of transportation including the Van Wyck Expressway and the E subway line.
“The sale was an investor to investor transaction,” said Massey Knakal’s Brian Sarath, who exclusively handled this transaction with Edward Gevinski.
Massey Knakal specializes in the sale of investment and user properties in the New York Metropolitan area. Since 1988, our agents have closed over 4,700 transactions having a market value in excess of $19 billion.