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58 43 Francis Lewis Boulevard

Yuda Cohen Acquires Office Property At 58-47 Francis Lewis Boulevard From Carl Mattone For $5.7M
SOLDOffice

Yuda Cohen Acquires Office Property At 58-47 Francis Lewis Boulevard From Carl Mattone For $5.7M

58 43 Francis Lewis Boulevard

$5,700,000

$330/SF

Building Size

17,254 SF

Asset Type

Office

Closing

Jul 1, 2025

AI

The asset involved in this transaction is an office property located at 58-47 Francis Lewis Boulevard in Bayside. This property has a total square footage of 17,254 and was sold for a price of $5,700,000, resulting in a price per square foot of $330.

Summary of transaction details:

  • Property Type: Office
  • Transaction Amount: $5,700,000
  • Square Footage: 17,254
  • Price Per Square Foot: $330
  • Buyer: Yuda Cohen
  • Seller: Carl Mattone
  • Brokers: Stephen R. Preuss Sr., Kevin Louie & Eric Delafraz - Ripco
  • Date of Transaction: July 2, 2025

Yuda Cohen is the buyer of the property, while Carl Mattone serves as the seller. The transaction was facilitated by brokers Stephen R. Preuss Sr., Kevin Louie, and Eric Delafraz, who represent Ripco in this deal.

Players

Kevin Louie

Ripco

Broker

$1B

vol

126 deals

Broker
Ripco
RipcoBrokerage

Oakland Gardens Office Market Snapshot

Boundary boundary · Office · Sale transactions

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Purchase Price

Annual NOI

Loan Amount

Interest Rate (%)

Loan Term (yrs)

Down Payment (%)

Cap Rate

2.78%

Cash-on-Cash

-0.80%

Monthly Payment

$14,164

Annual Debt Svc

$169,964

Annual Cash Flow

$-11,334

DSCR

0.93