Updated Jan 16, 2026
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
About this deal
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.
On the Map
$14,400,000
$306/SF
Commercial
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Players
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