Development Site At 55-30 98 Place In Corona Sold For $3.6M With Ripco Brokers
SOLD
$3,600,000
+ 1
New York
See Similar DealsDevelopment Site
Sold 05/15/2025
SOLD
Development Site At 55-30 98 Place In Corona Sold For $3.6M With Ripco Brokers
55 30 98 Pl
See Similar DealsDevelopment Site
Sold 05/15/2025
+ 1
Summary
NEW YORK
Asset Type:Development Site
Transaction Type:Sale
The property involved in the transaction is a development site located at 55-30 98 Place in the Corona market. The sale price was $3,600,000, with a building square footage of 25,823, resulting in a price per building square foot of $139.
Summary of transaction details:
- Property Type: Development Site
- Transaction Amount: $3,600,000
- Address: 55-30 98 Place
- Market: Corona
- BSF: 25,823
- PPBSF: $139
The deal was facilitated by brokers Stephen R. Preuss Sr., Alex Svetlakou, Kevin Louie, and Eric Delafraz from Ripco, representing the interests related to the transaction.
Players
BROKERAGE
Details
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Deal Type
30 years
10 years
Operating Income
Operating Expenses (Annual)
Net Operating Income (NOI)
$192,000.00
Debt Service Coverage Ratio (DSCR)
0.94x
Cap Rate
5.33%
Cash Flow (Annual)-$12,790.04
Cash-on-Cash Return-1.27%
Monthly Debt Service$17,065.84
Annual Debt Service$204,790.04
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