Daily limit: 0/10
Luca Negroni Of Pardgroup Acquires Industrial Building In Maspeth Queens For $5.5M
SOLD
$5,500,000
New York
See Similar DealsIndustrial21,000 SF
Sold 05/14/2025
SOLD
Luca Negroni Of Pardgroup Acquires Industrial Building In Maspeth Queens For $5.5M
58 18 64th Street
See Similar DealsIndustrial21,000 SF
Sold 05/14/2025
Summary
NEW YORK
Asset Type:Industrial
Price Per Square Foot:$261
Total Square Footage:21,000 SF
Transaction Type:Sale
An industrial building was sold for $5,500,000 at 58-18 64th Street located in Maspeth, Queens. The asset spans a total area of 21,000 square feet, translating to a price per square foot of approximately $262.
Summary of transaction details:
- Property Type: Industrial
- Transaction Amount: $5,500,000
- Address: 58-18 64th Street
- Market: Maspeth, Queens
- Buyer: Luca Negroni - Pardgroup
- Seller: Peter Arena
- Square Footage: 21,000
- Price per Square Foot: $262
In this transaction, Luca Negroni represented the buyer, Pardgroup, while Peter Arena was the seller. The deal reflects the increasing activity in the industrial sector of the Maspeth market, highlighting a strategic acquisition by the Italian design firm.
Details
Stay in the Know
Subscribe for insider commercial real estate news, deal highlights, and market insights—delivered straight to your inbox.
By subscribing, you agree to our Terms of Service and Privacy Policy.
Similar Deals
Suggestions
CRE CalculatorAnalyze deals based on income, expenses, and financing. We automatically filled the calculator with data from the deal you are viewing, fill free to modify it to see how it affects the results.
Deal Type
30 years
10 years
Operating Income
Operating Expenses (Annual)
Net Operating Income (NOI)
$293,333.33
Debt Service Coverage Ratio (DSCR)
0.94x
Cap Rate
5.33%
Cash Flow (Annual)-$19,540.35
Cash-on-Cash Return-1.27%
Monthly Debt Service$26,072.81
Annual Debt Service$312,873.67
Is there something missing? Send suggestions