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70 17 Cooper Ave, Flushing,...

Gino Romano Acquires Glendale Property From Peter LaBella
SOLDOther

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

Anthony Musso

Ten-X

Broker

$7.4M

vol

4 deals

Broker

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