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58-24 64th Street

Billy Salomon, Paul Bralower & Brendan Burke Of Pinnacle Realty Of New York Sell Industrial Asset For $2.6M
SOLDIndustrial

Billy Salomon, Paul Bralower & Brendan Burke Of Pinnacle Realty Of New York Sell Industrial Asset For $2.6M

58-24 64th Street

$2,600,000

$520/SF

Building Size

5,000 SF

Asset Type

Industrial

Closing

Jun 23, 2026

AI

The property asset involved in the transaction is an industrial space located at 58-24 64th Street in Maspeth. The property was sold for a total price of $2,600,000, encompassing a total square footage of 5,000, resulting in a price per square foot of $520.

Summary of transaction details:

  • Property Type: Industrial
  • Transaction Amount: $2,600,000
  • Address: 58-24 64th Street
  • Market: Maspeth
  • Square Footage: 5,000
  • Price Per Square Foot: $520

The deal involved brokers Billy Salomon, Paul Bralower, and Brendan Burke representing Pinnacle Realty of New York, facilitating the transaction process and ensuring all parties were effectively managed throughout the sale.

Players

Brendan Burke

Broker

$68M

vol

14 deals

Broker

Market 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

6.10%

Cash-on-Cash

-1.74%

Monthly Payment

$14,164

Annual Debt Svc

$169,964

Annual Cash Flow

$-11,334

DSCR

0.93