Updated May 12, 2025
An Industrial Property in Maspeth Was Sold by Ahron Sharir for $3.8M
58 35 57th Street & 58 47 57th Street
$3,800,000
$163/SF
Building Size
11,600 SF
Asset Type
Industrial
Closing
Nov 27, 2025
About this deal
AI
The property involved in this transaction is an industrial asset located at 58-35 57th Street & 58-47 57th Street in the Maspeth market. The total sale price for the asset was $3,800,000, which equates to approximately $327 per square foot for a total of 11,600 square feet. The transaction included an 8,200 square foot warehouse along with an adjacent 3,400 square foot parcel of land.
Summary of transaction details:
- Property Type: Industrial
- Transaction Amount: $3,800,000
- Square Footage: 11,600
- Price Per Square Foot: $327
- Buyer: CRC Associates Inc
- Seller: Ahron Sharir
- Buyer's Representative: Inga Wszolek - Bond New York
- Seller's Representative: Eitan Hakami - Greiner-Maltz Real Estate
Ahron Sharir sold the combined property to CRC Associates Inc. The brokers involved in the transaction were Eitan Hakami representing the seller through Greiner-Maltz Real Estate and Inga Wszolek representing the buyer through Bond New York. This deal highlights the collaboration between the two brokerage firms in facilitating the sale.
On the Map
$3,800,000
$163/SF
Industrial
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Players
Maspeth 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
4.17%
Cash-on-Cash
-1.19%
Monthly Payment
$14,164
Annual Debt Svc
$169,964
Annual Cash Flow
$-11,334
DSCR
0.93