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Mark Fayer Acquires Industrial Property In Maspeth For $12.5M With Buyer’s Rep Tomas Shleiwet

Property Image
SOLD
$12,500,000
Mathew (Mat) Diana
Tomas Shleiwet

New York

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Industrial36,000 SF
Sold 01/29/2025
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Property Image
SOLD

Mark Fayer Acquires Industrial Property In Maspeth For $12.5M With Buyer’s Rep Tomas Shleiwet

44 21 54th Drive, 44 17 54th Drive & 44 18 54th Road

See Similar Deals
Industrial36,000 SF
Sold 01/29/2025
Mathew (Mat) Diana
Tomas Shleiwet
the dealplayerscompscontact
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Summary

NEW YORK
Asset Type:Industrial
Price Per Square Foot:$347
Total Square Footage:36,000 SF
Transaction Type:Sale

This transaction involves an industrial asset located at 44-21 54th Drive, 44-17 54th Drive & 44-18 54th Road in the Maspeth market. The property has a sale price of $12,500,000, encompassing 12,000 square feet of building space and an additional 18,000 square feet of land.

Summary of transaction details:

In this transaction, Mathew Diana of DY Realty Group acted as the exclusive agent for the seller, while Tomas Shleiwet of Greiner-Maltz represented the buyer, facilitating the successful sale of the property.

Players

Mathew (Mat) Diana
DY Realty Group
Mathew Diana
19 deals$415.6M volume
BROKER
Tomas Shleiwet
Greiner-Maltz Real Estate
Tomas Shleiwet
4 deals$35.9M volume(718) 786-5050
BROKER

Details

SOLD
IMAGE: Mathew Diana & Tomas Shleiwet DATE: 01/29/2025 ADDRESS: 44-21 54th Drive, 44-17 54th Drive & 44-18 54th Road MARKET: Maspeth ASSET TYPE: Industrial BUYER: Mark Fayer SELLER: Enrico Manetta BUYER'S REP: Tomas Shleiwet (@Tomas.Shleiwet) - Greiner-Maltz Real Estate (@GreinerMaltz) SELLER'S REP: Mathew Diana - DY Realty Group (@DYRealtyGroup) SALE PRICE: $12,500,000 SF: 12,000 ~ PPSF: $1,041 NOTE FROM SELLER'S REP: Mathew Diana of DY Realty Group, as Exclusive Agent for the aforementioned property, represented the seller in the sale of a 12,000 sf industrial building with 18,000 sf of land. Tomas Shleiwet of Greiner-Maltz represented the buyer in the transaction.

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Deal Type
Operating Income
Operating Expenses (Annual)
Net Operating Income (NOI)

$666,666.67

Debt Service Coverage Ratio (DSCR)

0.94x

Cap Rate

5.33%

Cash Flow (Annual)-$44,409.85
Cash-on-Cash Return-1.27%
Monthly Debt Service$59,256.38
Annual Debt Service$711,076.53