Dunkin Donuts, Baskin Robbins, And Little Caesar’s Pizza Lease Retail Space In Corona, Queens
108 Roosevelt Avenue, Queens, New York 11372, United States
Building Size
5,100 SF
Asset Type
Retail
Closing
Aug 2, 2022
About this deal
AI
Barone Management has leased a retail property located at 108-68 Roosevelt Avenue in Corona, Queens. The asset, spanning 5,100 square feet, was leased to Dunkin Donuts, Baskin Robbins, Little Caesar's Pizza, and Deli. The deal was facilitated by Richard Senior, Peter Yoon, Stephen R. Preuss Sr, and Kevin Louie of Ripco Real Estate, representing the landlord.
Summary of transaction details:
- Property Type: Retail
- Transaction Date: 08/03/2022
- Address: 108-68 Roosevelt Avenue
- Market: Corona, Queens
- Asking Rent: $75/ft.
- Square Footage: 5,100
Dunkin Donuts, Baskin Robbins, Little Caesar's Pizza, and Deli will be the new tenants of the retail property, signing a lease agreement with Barone Management. Richard Senior, Peter Yoon, Stephen R. Preuss Sr, and Kevin Louie of Ripco Real Estate represented the landlord in the transaction.
On the Map
Retail
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Purchase Price
Annual NOI
Loan Amount
Interest Rate (%)
Loan Term (yrs)
Down Payment (%)
Cap Rate
5.80%
Cash-on-Cash
-1.66%
Monthly Payment
$14,164
Annual Debt Svc
$169,964
Annual Cash Flow
$-11,334
DSCR
0.93