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58-15 57th Road

Roitman Yakov Sells Industrial Property At 58-15 57th Road Maspeth For $4.5M
SOLDIndustrial

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

Brendan Burke

Broker

$68M

vol

14 deals

Broker

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