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
About this deal
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.
On the Map
$5,700,000
$330/SF
Office
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Players
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