Ripco Real Estate Represents Barone Management In Lease Of Retail Space To Dunkin Donuts, Baskin Robbins, Little Caesar's Pizza & Deli In Corona, Queens
108-68 Roosevelt Avenue
Building Size
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Asset Type
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Closing
Aug 3, 2022
AI
The retail property located at 108-68 Roosevelt Avenue in Corona, Queens has been leased. The property, with a total square footage of 5,100, was leased by Barone Management to Dunkin Donuts, Baskin Robbins, Little Caesar’s Pizza, and Deli. The leasing deal was facilitated by Richard Senior, Peter Yoon, Stephen R. Preuss Sr, and Kevin Louie from Ripco Real Estate.
Summary of transaction details
- Property Type: Retail
- Transaction Amount: Not specified
- Address: 108-68 Roosevelt Avenue, Corona, Queens
- Market: Corona, Queens
- Tenant: Dunkin Donuts, Baskin Robbins, Little Caesar’s Pizza, and Deli
- Landlord: Barone Management
- Landlord's Rep: Richard Senior, Peter Yoon, Stephen R. Preuss Sr, and Kevin Louie - Ripco Real Estate
- Asking Rent: $75/ft.
- SF: 5,100
The leasing deal for the retail property at 108-68 Roosevelt Avenue involved multiple tenants, including Dunkin Donuts, Baskin Robbins, Little Caesar’s Pizza, and Deli. The deal was successfully facilitated by Richard Senior, Peter Yoon, Stephen R. Preuss Sr, and Kevin Louie from Ripco Real Estate, representing Barone Management as the landlord's representatives.
Players
Middletown CRE Market Snapshot
Boundary boundary · CRE · Sale transactions
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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