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Kesten Family Purchases Industrial Property From Slavko Gavrilovic In Queens For $2.99M

Property Image
SOLD
$2,990,000
James Ege
Paul Bralower
+ 1

New York

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Industrial7,700 SF
Sold 04/29/2025
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Property Image
SOLD

Kesten Family Purchases Industrial Property From Slavko Gavrilovic In Queens For $2.99M

58 22 Maspeth Avenue

See Similar Deals
Industrial7,700 SF
Sold 04/29/2025
James Ege
Paul Bralower
+ 1
Contact now

Summary

NEW YORK
Asset Type:Industrial
Price Per Square Foot:$388
Total Square Footage:7,700 SF
Transaction Type:Sale

The property asset involved in this transaction is located at 58-22 Maspeth Avenue, in the Queens market. It is an industrial type property with a total square footage of 7,700. The transaction was completed with a final sale price of $2,990,000, resulting in a price per square foot of $388.

Summary of transaction details:

The brokers involved in this transaction, Pinnacle Realty of New York, are recognized as the leading independent full service commercial real estate brokerage firm in the outer borough of New York City, with extensive experience in leasing and selling over 28 million square feet. Their expertise played a crucial role in facilitating this deal.

Players

14 deals$68M volume(718) 371-6403
BROKER


Paul Bralower
Pinnacle Realty of New York
14 deals$83.9M volume(718) 371-6402
BROKER

George Margaronis
Pinnacle Realty of New York
4 deals$29.4M volume(718) 784-8404
BROKER

Details

SOLD
IMAGE: George Margaronis, James Ege, Brendan Burke & Paul Bralower DATE: 4/29/2025 ADDRESS: 58-22 Maspeth Avenue MARKET: Queens ASSET TYPE: Industrial BUYER: Kesten Family SELLER: Slavko Gavrilovic BROKERS: George Margaronis, James Ege, Paul Bralower & Brendan Burke - Pinnacle Realty of New York (@PinnacleRENY) SALE PRICE: $2,990,000 SF: 7,700 ~ PPSF: $388 NOTE FROM BROKER: Pinnacle Realty of New York, is the leading independent full service commercial real estate brokerage firm in the outer borough of New York City. With over 28 Million square feet leased & sold. Contact us if we can assist in any of your real estate needs.

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Deal Type
Operating Income
Operating Expenses (Annual)
Net Operating Income (NOI)

$159,466.67

Debt Service Coverage Ratio (DSCR)

0.94x

Cap Rate

5.33%

Cash Flow (Annual)-$10,622.83
Cash-on-Cash Return-1.27%
Monthly Debt Service$14,174.13
Annual Debt Service$170,089.51