The Estate Of Jerome Barshov Sells Industrial Asset At 60-10 Maurice Avenue For $6.95M
60 10 Maurice Avenue
$6,950,000
$463/SF
Building Size
15,000 SF
Asset Type
Industrial
Closing
Mar 21, 2025
AI
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.
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
2.28%
Cash-on-Cash
-0.65%
Monthly Payment
$14,164
Annual Debt Svc
$169,964
Annual Cash Flow
$-11,334
DSCR
0.93