Updated Jul 14, 2025
Sarwar Food Distribution Leases 7000 Sq Ft Warehouse At 56-01 Maspeth Avenue In Queens
56 01 Maspeth Avenue
Building Size
—
Asset Type
Industrial
Closing
Jul 10, 2025
About this deal
AI
The property involved in this transaction is an industrial asset located at 56-01 Maspeth Avenue in Queens. The total leased space amounts to 7,000 sq. ft., and the lease is set for a duration of three years and five months.
Summary of transaction details:
- Property Type: Industrial
- Transaction Amount: Not specified
- Address: 56-01 Maspeth Avenue
- Market: Queens
- Landlord: Alan Dern & Kyle Anderson - One Stop Properties
- Tenant: Sarwar Food Distribution
- Tenant's Representative: Joshua Kleinberg & Daniel Mundle - Colliers
- Lease Term: three-year, five-month lease
The deal includes Alan Dern and Kyle Anderson representing One Stop Properties as the landlords. Sarwar Food Distribution is the tenant securing the lease, with representation from Joshua Kleinberg and Daniel Mundle from Colliers facilitating this transaction.
On the Map
Industrial
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Players
Maspeth Industrial Market Snapshot
Boundary boundary · Industrial · Lease 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