SOLD
Sitex Group Acquires Industrial Property In Maspeth From Steinberg Family For $50M
58-80 Borden Avenue
Industrial
32,274 SF
32,274 SF
Sold 1 year ago
Summary
Sale
NEW YORK
Industrial
32,274 sqft
The industrial property located at 58-80 Borden Avenue in Maspeth has been sold for a price of $50,000,000. This property spans across 3.37 acres and has a total square footage of 146,700. The transaction was completed on 11/02/2021, with Sitex Group as the buyer and the Steinberg family as the seller. The property is classified under tax class 4 and has a floor area ratio (FAR) of 0.22. The lot size measures 146,700 square feet, with dimensions of 203 ft x 636 ft. The sale included permits for a sign, issued on 08/17/2005.
Summary of transaction details
- Property Type: Industrial
- Transaction Amount: $50,000,000
- Market: Maspeth
- Acres: 3.37
The transaction was facilitated by David Junik, Decio Baio, and James Tack from Pinnacle Realty, representing the buyer, Sitex Group. The brokerage agency played a crucial role in the successful completion of the deal.
Players
All
4
Agents
3
Agencies
1
Details
SOLD
IMAGE: David Junik, Decio Baio & James Tack
DATE: 11/02/2021
ADDRESS: 58-80 Borden Avenue
MARKET: Maspeth
ASSET TYPE: Industrial ~ ACRES: 3.37
BUYER: Sitex Group
SELLER: Steinberg family
BROKER: David Junik, Decio Baio & James Tack - Pinnacle Realty
SALE PRICE: $50,000,000
BSF: 146,700 ~ PPBSF: $340
SF: 32,274 ~ PPSF: $1,549
FAR: 0.22
TAX CLASS: 4
LOT SIZE: 146,700
PERMITS: Sign (08/17/2005)
LOT DIMENSION: 203 ft x 636 ftView on map
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Address58-80 Borden Avenue
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