Brian McDonagh Of Venture One Acquires Industrial Property In Maspeth For $9.75M

The property asset involved in this transaction is an industrial space located at 61-26 Maurice Avenue in the Maspeth market. The sale price was $9,750,000, covering a total area of 22,000 square feet, which equates to a price per square foot of $443.

Summary of transaction details:

• Property Type: Industrial
• Transaction Amount: $9,750,000
• Sale Price Per Square Foot: $443
• Square Footage: 22,000
• Buyer: Brian McDonagh - Venture One
• Seller: Dan Ackerman
• Buyer's Representative: Daniel Morici - JLL
• Seller's Representative: Paul Bralower - Pinnacle Realty of New York
• Date of Sale: 11/12/2024

The deal features prominent individuals and organizations, with Brian McDonagh representing the buyer, Venture One, and Dan Ackerman as the seller. The buyer's interests were represented by Daniel Morici from JLL, while the seller was represented by Paul Bralower from Pinnacle Realty of New York. The subject property is scheduled for capital improvements and is set to be available for lease as of December 1st. Interested parties are encouraged to reach out to Dan Morici for leasing inquiries.