Gino Romano Acquires Glendale Property From Peter LaBella
70 17 Cooper Ave, Flushing, Ny 11385, Usa
$2,600,000
$27/SF
Building Size
96,000 SF
Asset Type
Other
Closing
Nov 6, 2019
AI
A property located at 70-17 Cooper Avenue in Glendale, Queens was recently sold in a closed transaction. The property was listed with an asking price of $2,999,999 and ultimately sold for $2,600,000. It spans a total of 9,600 square feet, resulting in a price per square foot of $270. The price per buildable square foot is $115.
Summary of transaction details
- Property Type:
- Transaction Amount: $2,600,000
- Address: 70-17 Cooper Avenue
- Market: Glendale, Queens
Peter LaBella was the seller of the property, while Gino Romano was the buyer. The broker involved in the transaction was Anthony Musso.
Notably, the property was delivered vacant at the time of the sale.
Players
Glendale Other Market Snapshot
Boundary boundary · Other · Sale transactions
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Purchase Price
Annual NOI
Loan Amount
Interest Rate (%)
Loan Term (yrs)
Down Payment (%)
Cap Rate
6.10%
Cash-on-Cash
-1.74%
Monthly Payment
$14,164
Annual Debt Svc
$169,964
Annual Cash Flow
$-11,334
DSCR
0.93