Pinnacle Realty Of New York Represents Buyer In $18.8 Million Industrial Sale In Maspeth
34-02 Laurel Hill Boulevard
$18,800,000
$447/SF
Building Size
42,000 SF
Asset Type
Industrial
Closing
Jun 26, 2026
AI
The property involved in this transaction is located at 34-02 Laurel Hill Boulevard in Maspeth, Queens. It is categorized as an industrial asset with a building size of 42,000 square feet and a land size of 16,000 square feet. The sale price was set at $18,800,000, resulting in a price per square foot of $447 for the building and $1,175 for the land.
Summary of transaction details:
- Property Type: Industrial
- Transaction Amount: $18,800,000
- Building Square Footage: 42,000
- Land Square Footage: 16,000
- Building Price per Square Foot: $447
- Land Price per Square Foot: $1,175
- Buyer's Representative: JianLi Zou, David Junik & Mark Caso - Pinnacle Realty of New York
- Seller's Representative: Ryan Maltz & Kyle Maltz - Greiner-Maltz Real Estate
This transaction involved key individuals representing both the buyer and seller. JianLi Zou, David Junik, and Mark Caso represented the buyer through Pinnacle Realty of New York, while Ryan Maltz and Kyle Maltz represented the seller via Greiner-Maltz Real Estate. Their respective roles were crucial in facilitating the deal.
Players
Maspeth Industrial Market Snapshot
Boundary boundary · Industrial · Sale transactions
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Purchase Price
Annual NOI
Loan Amount
Interest Rate (%)
Loan Term (yrs)
Down Payment (%)
Cap Rate
0.84%
Cash-on-Cash
-0.24%
Monthly Payment
$14,164
Annual Debt Svc
$169,964
Annual Cash Flow
$-11,334
DSCR
0.93