Updated Oct 28, 2024
DY Realty Group Represents Buyer And Seller In $45.75M Sale Of Industrial Property In Maspeth
58-38 Page Place, Maspeth, NY 11378
$45,750,000
$491/SF
Building Size
93,000 SF
Asset Type
Industrial
Closing
Dec 22, 2021
About this deal
AI
An industrial property located at 58-38 Page Place in Maspeth has recently been sold for a total price of $45,750,000. The property offers approximately 93,000 square feet of space, resulting in a price per square foot of $491. This transaction was finalized on December 22, 2021.
Summary of transation details
- Property Type: Industrial
- Transaction Amount: $45,750,000
- Address: 58-38 Page Place, Maspeth
- Market: Maspeth
- Seller: 58-38 Page Place Co. - Sidney Lerman
The transaction was facilitated by Mathew Diana of DY Realty Group. The buyer and seller were represented by a team from DY Realty Group, which included Ranee Jaber and Peter Derbar. For further information on user/investor opportunities in the New York Metropolitan area, please contact DY Realty Group at 718-729-7474 ext. 134 or [email protected].
Players
New York 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
0.35%
Cash-on-Cash
-0.10%
Monthly Payment
$14,164
Annual Debt Svc
$169,964
Annual Cash Flow
$-11,334
DSCR
0.93