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108-68 Roosevelt Avenue

Ripco Real Estate Represents Barone Management In Lease Of Retail Space To Dunkin Donuts, Baskin Robbins, Little Caesar's Pizza & Deli In Corona, Queens
SOLD

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

Asset Type

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

DD
Dunkin' DonutsBrokerage
BM
Barone ManagementLandlord
BR
Baskin RobbinsTenant

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