Updated Jul 10, 2026
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
About this deal
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.
On the Map
$2,600,000
$520/SF
Industrial
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Players
Queens 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