Updated Sep 30, 2025
Brookfield Properties Acquires Industrial Property In Maspeth For $24.7M
55-40 44th St. Maspeth, NY 11378, USA
$24,675,000
$1,017/SF
Building Size
24,258 SF
Asset Type
Industrial
Closing
May 2, 2022
About this deal
AI
The industrial property located at 55-40 44th Street in Maspeth has been sold for $24,675,000. The property spans a total of 24,258 square feet, resulting in a price per square foot of $1,017. The transaction took place on 05/03/2022 and was captured in an image by Derek Greenberg.
Summary of transaction details
- Property Type: Industrial
- Sale Price: $24,675,000
- Square Footage: 24,258
- Price per Square Foot: $1,017
- Address: 55-40 44th Street, Maspeth
- Market: Maspeth
The buyer of the property is Brookfield Properties, while the seller is the Green Street Group.
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
0.64%
Cash-on-Cash
-0.18%
Monthly Payment
$14,164
Annual Debt Svc
$169,964
Annual Cash Flow
$-11,334
DSCR
0.93