Updated Aug 25, 2026
Unique Design NYC Acquires Industrial Property At 57-65 59th Street Maspeth For $2,425,000
57-65 59th Street
$2,425,000
$378/SF
Building Size
6,400 SF
Asset Type
Industrial
Closing
Aug 13, 2026
About this deal
AI
The industrial property located at 57-65 59th Street in the Maspeth market was sold for a transaction amount of $2,425,000. The property encompasses a total square footage of 6,400, with a price per square foot calculated at $378.
Summary of transaction details:
- Property Type: Industrial
- Transaction Amount: $2,425,000
- Address: 57-65 59th Street
- Market: Maspeth
- Square Footage: 6,400
- Price Per Square Foot: $378
- Buyer: Unique Design NYC
- Seller: Alba Demo
- Broker Representatives: Eli Roerden & Bobby Lawrence - Matthews
The transaction involved Unique Design NYC as the buyer and Alba Demo as the seller, with broker representatives Eli Roerden and Bobby Lawrence from Matthews facilitating the deal.
On the Map
$2,425,000
$378/SF
Industrial
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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
6.54%
Cash-on-Cash
-1.87%
Monthly Payment
$14,164
Annual Debt Svc
$169,964
Annual Cash Flow
$-11,334
DSCR
0.93