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89 40 Metropolitan Avenue

Rosenthal Family Sells Development Site At 89-40 Metropolitan Avenue In Rego Park For $4.45M
SOLDDevelopment Site

Rosenthal Family Sells Development Site At 89-40 Metropolitan Avenue In Rego Park For $4.45M

89 40 Metropolitan Avenue

$4,450,000

Building Size

Asset Type

Development Site

Closing

Sep 17, 2025

AI

The property asset involved in this transaction is a development site located at 89-40 Metropolitan Avenue in Rego Park. The transaction was completed at a sale price of $4,450,000.

Summary of transaction details:

The deal involved multiple representatives from Ripco. The brokers participating in this transaction bring a wealth of experience, contributing to the successful closure of the deal for the seller, Rosenthal Family.

Players

Brian Whelan

Ripco

Broker

$137M

vol

30 deals

Broker
Ripco
RipcoBrokerage

Rego Park Development Site Market Snapshot

Boundary boundary · Development Site · Sale transactions

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Purchase Price

Annual NOI

Loan Amount

Interest Rate (%)

Loan Term (yrs)

Down Payment (%)

Cap Rate

3.56%

Cash-on-Cash

-1.02%

Monthly Payment

$14,164

Annual Debt Svc

$169,964

Annual Cash Flow

$-11,334

DSCR

0.93