Roitman Yakov Sells Industrial Property At 58-15 57th Road Maspeth For $4.5M
58-15 57th Road
$4,500,000
$409/SF
Building Size
11,000 SF
Asset Type
Industrial
Closing
Sep 9, 2024
AI
The transaction involved an industrial asset located at 58-15 57th Road in the Maspeth market. The property is characterized as a 1 story high ceiling warehouse with a total square footage of 11,000. The sale price of the property was $4,500,000, resulting in a price per square foot of $409.
Summary of transaction details:
- Property Type: Industrial
- Transaction Amount: $4,500,000
- Address: 58-15 57th Road
- Market: Maspeth
- Square Footage: 11,000
- Price per Square Foot: $409
- Seller: Roitman Yakov
- Broker Representatives: Brendan Burke & JianLi "Johnny" Zou - Pinnacle Realty
Brendan Burke and Johnny Zou from Pinnacle Realty were the brokers involved, representing both the buyer and the seller in this transaction.
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
3.53%
Cash-on-Cash
-1.01%
Monthly Payment
$14,164
Annual Debt Svc
$169,964
Annual Cash Flow
$-11,334
DSCR
0.93