The Estate Of Jerome Barshov Sells Industrial Asset At 60-10 Maurice Avenue For $6.95M
SOLD
$6,950,000
+ 1
New York
See Similar DealsIndustrial15,000 SF
Sold 03/21/2025
SOLD
The Estate Of Jerome Barshov Sells Industrial Asset At 60-10 Maurice Avenue For $6.95M
60 10 Maurice Avenue
See Similar DealsIndustrial15,000 SF
Sold 03/21/2025
+ 1
Summary
NEW YORK
Asset Type:Industrial
Price Per Square Foot:$463
Total Square Footage:15,000 SF
Transaction Type:Sale
The industrial asset located at 60-10 Maurice Avenue in Queens has been sold for $6,950,000. The property encompasses a total area of 15,000 square feet, resulting in a price per square foot of $463.
Summary of transaction details:
- Property Type: Industrial
- Transaction Amount: $6,950,000
- Address: 60-10 Maurice Avenue
- Market: Queens
- Seller: The Estate of Jerome Barshov
- Brokers: Paul Bralower, Billy Salomon, Louis Fuery & Brendan Burke - Pinnacle Realty of New York
Pinnacle Realty of New York, known for its presence in NYC’s outer boroughs, facilitated the transaction through its brokers. The firm's expertise and current market knowledge were instrumental in representing the seller during this deal.
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Deal Type
30 years
10 years
Operating Income
Operating Expenses (Annual)
Net Operating Income (NOI)
$370,666.67
Debt Service Coverage Ratio (DSCR)
0.94x
Cap Rate
5.33%
Cash Flow (Annual)-$24,691.88
Cash-on-Cash Return-1.27%
Monthly Debt Service$32,946.55
Annual Debt Service$395,358.55
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