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DY Realty Group Represents Buyer And Seller In $45.75M Sale Of Industrial Property In Maspeth

Property Image
SOLD
$45,750,000

New York

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Industrial93,000 SF
Sold 12/22/2021
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Property Image
SOLD

DY Realty Group Represents Buyer And Seller In $45.75M Sale Of Industrial Property In Maspeth

58-38 Page Place, Maspeth, NY 11378

See Similar Deals
Industrial93,000 SF
Sold 12/22/2021
the dealplayerscompscontact
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Summary

NEW YORK
Asset Type:Industrial
Price Per Square Foot:$491
Total Square Footage:93,000 SF
Transaction Type:Sale

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

Mathew (Mat) Diana
DY Realty Group
Mathew Diana
19 deals$415.6M volume
BROKER

Details

SOLD
IMAGE: Mathew Diana DATE: 12/22/2021 ADDRESS: 58-38 Page Place MARKET: Maspeth ASSET TYPE: Industrial SELLER: 58-38 Page Place Co. - Sidney Lerman BROKER: Mathew Diana - (@DYRealtyGroup) SALE PRICE: $45,750,000 SF: 93,000 ~ PPSF: $491 NOTE FROM BROKER: Led by Partner Mat Diana, a team from DY Realty Group including Ranee Jaber & Peter Derbar represented both the buyer and seller in the transaction for this property. Contact DY Realty Group for user/investor opportunities in the New York Metropolitan area: 718-729-7474 x134 / [email protected]

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Net Operating Income (NOI)

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Debt Service Coverage Ratio (DSCR)

0.94x

Cap Rate

5.33%

Cash Flow (Annual)-$162,540.08
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