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Uncle Giuseppe's Marketplace Acquires Industrial Asset At 77 Rodeo Drive For $13.45M

Property Image
SOLD
$13,455,000
Thomas (Tom) DeLuca
Nicholas (Nick) Gallipoli
+ 2

New York

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Industrial53,600 SF
Sold 05/07/2025
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Property Image
SOLD

Uncle Giuseppe's Marketplace Acquires Industrial Asset At 77 Rodeo Drive For $13.45M

77 Rodeo Drive

See Similar Deals
Industrial53,600 SF
Sold 05/07/2025
Thomas (Tom) DeLuca
Nicholas (Nick) Gallipoli
+ 2
Contact now

Summary

NEW YORK
Asset Type:Industrial
Price Per Square Foot:$251
Total Square Footage:53,600 SF
Transaction Type:Sale

The property asset involved in the transaction is an industrial facility located at 77 Rodeo Drive in Edgewood. The asset has a total square footage of 53,600 and achieved a sale price of $13,455,000, resulting in a price per square foot of $251.

Summary of transaction details:

The transaction highlights the involvement of Gary J Chimeri from Paramount Properties Group, representing the buyer, Uncle Giuseppe's Marketplace. On the selling side, the representatives from Cushman & Wakefield include Frank Frizalone, Nicholas Gallipoli, Thomas DeLuca, and John Giannuzzi, who managed the sale for the seller.

Players

Gary J Chimeri
12 deals$140.2M volume(516) 286-5177
BROKER

Gary J Chimeri
12 deals$140.2M volume(516) 286-5177
BROKER

Thomas (Tom) DeLuca
Cushman & Wakefield
14 deals$123.7M volume
BROKER

Frank Frizalone
Cushman & Wakefield
10 deals$94.4M volume
BROKER

Nicholas (Nick) Gallipoli
Cushman & Wakefield
16 deals$163.5M volume
BROKER

John Giannuzzi
Cushman & Wakefield
10 deals$54.2M volume
BROKER

Cushman & Wakefield
BROKERAGE

Details

SOLD
IMAGE: Frank Frizalone, Nicholas Gallipoli, Thomas DeLuca, John Giannuzzi & Gary J Chimeri DATE: 5/8/2025 ADDRESS: 77 Rodeo Drive MARKET: Edgewood ASSET TYPE: Industrial BUYER: Uncle Giuseppe's Marketplace BUYER'S REP: Gary J Chimeri - Paramount Properties Group (@Paramount_PG) SELLER'S REP: Frank Frizalone, Nicholas Gallipoli, Thomas DeLuca & John Giannuzzi - Cushman & Wakefield (@CushWake) SALE PRICE: $13,455,000 SF: 53,600 ~ PPSF: $251 &Wakefield

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Deal Type
Operating Income
Operating Expenses (Annual)
Net Operating Income (NOI)

$717,600.00

Debt Service Coverage Ratio (DSCR)

0.94x

Cap Rate

5.33%

Cash Flow (Annual)-$47,802.77
Cash-on-Cash Return-1.27%
Monthly Debt Service$63,783.56
Annual Debt Service$765,402.77