Roitman Yakov Sells Industrial Property At 58-15 57th Road Maspeth For $4.5M
SOLD
$4,500,000
New York
See Similar DealsIndustrial11,000 SF
Sold 09/09/2024
SOLD
Roitman Yakov Sells Industrial Property At 58-15 57th Road Maspeth For $4.5M
58-15 57th Road
See Similar DealsIndustrial11,000 SF
Sold 09/09/2024
Summary
NEW YORK
Asset Type:Industrial
Price Per Square Foot:$409
Total Square Footage:11,000 SF
Transaction Type:Sale
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.
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Deal Type
30 years
10 years
Operating Income
Operating Expenses (Annual)
Net Operating Income (NOI)
$240,000.00
Debt Service Coverage Ratio (DSCR)
0.94x
Cap Rate
5.33%
Cash Flow (Annual)-$15,987.55
Cash-on-Cash Return-1.27%
Monthly Debt Service$21,332.30
Annual Debt Service$255,987.55
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