Daily limit: 0/10
Triangle Services Acquires Industrial Building In Maspeth, Queens For $13.1M
SOLD
New York
See Similar DealsIndustrial8,000 SF
Sold 04/01/2023
SOLD
Triangle Services Acquires Industrial Building In Maspeth, Queens For $13.1M
54 37 48th St, Queens, Ny 11378, Usa
See Similar DealsIndustrial8,000 SF
Sold 04/01/2023
Summary
NEW YORK
Asset Type:Industrial
Price Per Square Foot:$1,633
Total Square Footage:8,000 SF
Transaction Type:Sale
Triangle Services, represented by Perry Fine, has acquired an industrial building located at 54-37 48th Street in Maspeth, Queens. The seller of the property was the Parisi Family. The transaction took place on March 31, 2023.
Summary of transaction details
- Property Type: Industrial
- Sale Price: $13,064,288
- Building Square Footage: 8,000
- Price per Square Foot: $1,633
The industrial building purchased by Triangle Services has 8,000 square feet of built space. Additionally, it also has 71,769 square feet of additional air rights, enabling a total buildable space of 79,744 square feet. This acquisition marks a significant investment by Triangle Services in the Maspeth, Queens market.
Players
Details
Stay in the Know
Subscribe for insider commercial real estate news, deal highlights, and market insights—delivered straight to your inbox.
By subscribing, you agree to our Terms of Service and Privacy Policy.
Similar Deals
Contact
Get in touch with the broker you want
Suggestions
CRE CalculatorAnalyze deals based on income, expenses, and financing. We automatically filled the calculator with data from the deal you are viewing, fill free to modify it to see how it affects the results.
Deal Type
30 years
10 years
Operating Income
Operating Expenses (Annual)
Net Operating Income (NOI)
$696,762.02
Debt Service Coverage Ratio (DSCR)
0.94x
Cap Rate
5.33%
Cash Flow (Annual)-$46,414.66
Cash-on-Cash Return-1.27%
Monthly Debt Service$61,931.39
Annual Debt Service$743,176.68
Is there something missing? Send suggestions