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58 35 57th Street

An Industrial Property in Maspeth Was Sold by Ahron Sharir for $3.8M
SOLDIndustrial

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

23,200 SF

Asset Type

Industrial

Closing

Nov 27, 2025

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:

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.

Players

Eitan Hakami

Greiner-Maltz Real Estate

Broker

$19.6M

vol

9 deals

Broker

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