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

Property Image
SOLD
$4,400,000
Mathew (Mat) Diana
SL
PL

New York

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Industrial9,617 SF
Sold 07/28/2022
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Property Image
SOLD

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

58-17 49th Street

See Similar Deals
Industrial9,617 SF
Sold 07/28/2022
Mathew (Mat) Diana
SL
PL
the dealplayerscompscontact
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Summary

NEW YORK
Asset Type:Industrial
Price Per Square Foot:$457
Total Square Footage:9,617 SF
Transaction Type:Sale

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 (Mat) Diana
DY Realty Group
Mathew Diana
19 deals$415.6M volume
BROKER
PL
Peter Latta
2 deals$10.3M volume
BUYER
SL
Steven Levy
4 deals$76.9M volume
SELLER
SL
Steven Levy
4 deals$76.9M volume
SELLER

Details

SOLD
IMAGE: Mat Diana DATE: 07/28/2022 ADDRESS: 58-17 49th Pl. MARKET: Maspeth ASSET TYPE: Industrial BUYER: Peter Latta SELLER: Steven Levy BROKER: Mat Diana - DY Realty Group (@DYRealtyGroup) SALE PRICE: $4,400,000 SF: 9,617 ~ PPSF: $457 NOTE FROM BROKER: Led by Partner Mat Diana, a team from DY Realty Group including Ranee Jaber & Peter Derbar represented the buyer in this transaction. DY Realty Group has been a specialist in outer-borough industrial/commercial real estate for over 40 years. For user/investor opportunities in the New York Metropolitan area, or to join the DY Realty Group team, contact Mat at 718-729-7474 x134 / [email protected]

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Debt Service Coverage Ratio (DSCR)

0.94x

Cap Rate

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