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58-17 49th Street

Peter Latta Acquires Industrial Property In Maspeth For $4.4M - Mat Diana - DY Realty Group
SOLDIndustrial

Peter Latta Acquires Industrial Property In Maspeth For $4.4M - Mat Diana - DY Realty Group

58-17 49th Street

$4,400,000

$457/SF

Building Size

9,617 SF

Asset Type

Industrial

Closing

Jul 28, 2022

AI

Located at 58-17 49th Pl in Maspeth, this industrial property was recently sold in a closed transaction. The property spans 9,617 square feet and was sold for a price of $4,400,000, resulting in a price per square foot of $457.

Summary of transaction details

  • Property Type: Industrial
  • Transaction Amount: $4,400,000
  • Address: 58-17 49th Pl., Maspeth
  • Market: Maspeth

Peter Latta served as the buyer in this transaction, while Steven Levy acted as the seller. Mat Diana from DY Realty Group represented both parties in the deal. DY Realty Group, specializing in outer-borough industrial/commercial real estate for over 40 years, provided representation for the buyer in this transaction. For opportunities in the New York Metropolitan area or to join the DY Realty Group team, interested parties can contact Mat Diana at 718-729-7474 x134 or [email protected].

Players

Mathew Diana

DY Realty Group

Broker

$415.6M

vol

19 deals

Broker

Peter Latta

Buyer

$10.3M

vol

2 deals

Buyer

Steven Levy

Seller

$76.9M

vol

4 deals

Seller

Maspeth Industrial Market Snapshot

Boundary boundary · Industrial · Sale transactions

Loading comparables…

Purchase Price

Annual NOI

Loan Amount

Interest Rate (%)

Loan Term (yrs)

Down Payment (%)

Cap Rate

3.61%

Cash-on-Cash

-1.03%

Monthly Payment

$14,164

Annual Debt Svc

$169,964

Annual Cash Flow

$-11,334

DSCR

0.93