Updated Sep 16, 2026
Martos Realty LLC Secures $7 Million Loan From Symetra Life Insurance For Industrial Property In Maspeth
56-75 49th Street
$7,000,000
$132/SF
Building Size
53,000 SF
Asset Type
Industrial
Closing
Sep 11, 2026
About this deal
AI
The property asset involved is an industrial warehouse located at 56-75 49th Street in Maspeth, Queens. The warehouse encompasses a total square footage of 53,000 and consists of a significant asset value of $7 million for financing purposes.
Summary of transaction details:
- Property Type: Industrial
- Transaction Amount: $7 million
- Address: 56-75 49th Street
- Market: Maspeth
- Square Footage: 53,000
- Units: 7,000,000
- Lender: Symetra Life Insurance
- Landlord: Martos Realty LLC
- Broker: Robert Ranieri - NorthMarq
Northmarq played a crucial role in arranging the permanent financing necessary for the property transaction, representing Martos Realty LLC in this financing deal. Broker Robert Ranieri handled the negotiation and arrangement of the financing services provided by Symetra Life Insurance.
On the Map
$7,000,000
$132/SF
Industrial
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Players
Santa Industrial Market Snapshot
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Purchase Price
Annual NOI
Loan Amount
Interest Rate (%)
Loan Term (yrs)
Down Payment (%)
Cap Rate
2.27%
Cash-on-Cash
-0.65%
Monthly Payment
$14,164
Annual Debt Svc
$169,964
Annual Cash Flow
$-11,334
DSCR
0.93