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34-02 Laurel Hill Boulevard

Pinnacle Realty Of New York Represents Buyer In $18.8 Million Industrial Sale In Maspeth
SOLDIndustrial

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:

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

David Junik

Pinnacle Realty of New York

Broker

$651.4M

vol

23 deals

Broker

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