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108 68 Roosevelt Avenue

Scott Barone Of Barone Management Purchases Commercial Asset From Sam Chang For $14.4M In Queens
SOLDCommercial

Scott Barone Of Barone Management Purchases Commercial Asset From Sam Chang For $14.4M In Queens

108 68 Roosevelt Avenue

$14,400,000

$306/SF

Building Size

46,923 SF

Asset Type

Commercial

Closing

Dec 15, 2025

AI

A commercial and retail unit was sold for $14,400,000 at 108-68 Roosevelt Avenue, located in the Corona neighborhood of Queens. The asset spans 46,923 square feet, resulting in a price per square foot of $307.

Summary of transaction details:

  • Property Type: Commercial
  • Transaction Amount: $14,400,000
  • Buyer: Scott Barone - Barone Management
  • Seller: Sam Chang - McSam Hotel Group
  • Square Footage: 46,923
  • Price per Square Foot: $307

Scott Barone, representing Barone Management, acquired the property from Sam Chang, who represents McSam Hotel Group. The transaction was facilitated through JJS Hudson LLC.

Players

BM
Barone ManagementBuyer

Sam Chang

McSam Hotel Group

Seller

$1.5B

vol

25 deals

Seller

Corona Commercial Market Snapshot

Boundary boundary · Commercial · Sale transactions

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Purchase Price

Annual NOI

Loan Amount

Interest Rate (%)

Loan Term (yrs)

Down Payment (%)

Cap Rate

1.10%

Cash-on-Cash

-0.31%

Monthly Payment

$14,164

Annual Debt Svc

$169,964

Annual Cash Flow

$-11,334

DSCR

0.93