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
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
3.61%
Cash-on-Cash
-1.03%
Monthly Payment
$14,164
Annual Debt Svc
$169,964
Annual Cash Flow
$-11,334
DSCR
0.93