JianLi Zou Represents Buyer In $1.85M Industrial Sale At 57-14 59th Street In Maspeth
57 14 59th Street
$1,850,000
$370/SF
Building Size
5,000 SF
Asset Type
Industrial
Closing
Mar 19, 2025
AI
The property asset involved in this transaction is located at 57-14 59th Street in Maspeth, classified as an industrial property. The sale price of the property was $1,850,000, encompassing a total area of 5,000 square feet, which equates to a price per square foot of $370.
Summary of transaction details:
- Property Type: Industrial
- Transaction Amount: $1,850,000
- Address: 57-14 59th Street
- Market: Maspeth
- Square Footage: 5,000
- Price Per Square Foot: $370
- Buyer's Representative: JianLi Zou
- Seller's Representatives: Brendan Burke & Paul Bralower - Pinnacle Realty of New York
Brendan Burke and Paul Bralower represent the seller in this transaction. They are part of Pinnacle Realty of New York LLC, a firm that specializes in industrial real estate within the Queens and Brooklyn areas, showcasing a successful track record with a results-driven approach.
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
8.57%
Cash-on-Cash
-2.45%
Monthly Payment
$14,164
Annual Debt Svc
$169,964
Annual Cash Flow
$-11,334
DSCR
0.93