Eduardo Pita Acquires Mixed-Use Building In Queens For $1.5M

104-01 Corona Ave. in Queens has been sold in a closed transaction. The mixed-use property consists of a 2,400 sq. ft. building with medical and residential tenants. The deal was successfully closed with a sale price of $1,500,000, resulting in a price per square foot of $625.

Summary of transaction details

• Property Type: Mixed-use
• Transaction Amount: $1,500,000
• Address: 104-01 Corona Ave.
• Market: Queens
• Square footage: 2,400 sq. ft.
• Sale Price per Square Foot: $625

Cushman & Wakefield’s Team Abbondandolo, represented by Dan Abbondandolo and Joe Musso, successfully represented the seller, Glenn Muraca, in the sale of 104-01 Corona Ave. The property was fully leased with one medical tenant on the ground floor and one residential tenant above. The sale of this property was motivated by stable tenants and its prime location at the Northeast corner of Corona Ave. and 124th Street. Please note that this property was sold individually as part of a mixed-use medical portfolio package that included other properties spread throughout Woodhaven, Glendale, City Line, Corona, and Queens Village.

If you need more information about this transaction, please reach out to the exclusive brokers Dan Abbondandolo and Joe Musso of Cushman & Wakefield.