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:
- Property Type: Development Site
- Transaction Amount: $4,450,000
- Seller: Rosenthal Family
- Brokers: Andreas Efthymiou, Kevin Schmitz, Stephen R. Preuss Sr., Brian Whelan & Mitchel Flaherty - Ripco
- Transaction Date: 9/18/2025
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
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