Updated Dec 4, 2024
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
About this deal
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.
On the Map
$4,500,000
$409/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
3.53%
Cash-on-Cash
-1.01%
Monthly Payment
$14,164
Annual Debt Svc
$169,964
Annual Cash Flow
$-11,334
DSCR
0.93