Eduardo Pita Acquires Mixed-Use Property In Queens For $1.5M

104-01 Corona Avenue, located in Corona, NY, is a 2,400 sq. ft. mixed-use/medical building that was recently sold for $1,500,000. The property is fully leased and consists of one medical tenant on the ground floor and one residential tenant above. With a price per square foot of $625, this sale represents a 4.29% capitalization rate.

Summary of transation details

• Property Type: Mixed-use
• Transaction Amount: $1,500,000
• Address: 104-01 Corona Ave.
• Market: Queens

Cushman & Wakefield’s Team Abbondandolo, represented the Seller, Glenn Muraca, in this transaction. The deal was successfully closed by Dan Abbondandolo and Joe Musso of Cushman & Wakefield. This sale was driven by the stable tenants and the property's fantastic location on the Northeast corner of Corona Avenue and 124th Street. The property was part of a mixed-use medical portfolio package that includes several other properties in Woodhaven, Glendale, City Line, Corona, and Queens Village. For more information about this trade, please reach out to the exclusive brokers directly.