Brookfield Properties Acquires Industrial Property In Maspeth For $24.7M
SOLD
$24,675,000
New York
See Similar DealsIndustrial24,258 SF
Sold 05/03/2022
SOLD
Brookfield Properties Acquires Industrial Property In Maspeth For $24.7M
55-40 44th St. Maspeth, NY 11378, USA
See Similar DealsIndustrial24,258 SF
Sold 05/03/2022
Summary
NEW YORK
Asset Type:Industrial
Price Per Square Foot:$1,017
Total Square Footage:24,258 SF
Transaction Type:Sale
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.
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Deal Type
30 years
10 years
Operating Income
Operating Expenses (Annual)
Net Operating Income (NOI)
$1,315,999.99
Debt Service Coverage Ratio (DSCR)
0.94x
Cap Rate
5.33%
Cash Flow (Annual)-$87,665.07
Cash-on-Cash Return-1.27%
Monthly Debt Service$116,972.09
Annual Debt Service$1,403,665.06
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