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56 01 Maspeth Avenue

Sarwar Food Distribution Leases 7000 Sq Ft Warehouse At 56-01 Maspeth Avenue In Queens
LEASEDIndustrial

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

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.

Players

Joshua Kleinberg

Colliers

Broker

$26.7M

vol

6 deals

Broker
Colliers
ColliersBrokerage
Alan Dern

Alan Dern

One Stop Properties

Landlord

1 deal

Landlord
One Stop Properties
One Stop PropertiesLandlord

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