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252 Maspeth Avenue

Updated Sep 3, 2026

Bilt advertisement
Ruben Kast De Martinez, Michael Maunsell & Ranee Jaber Lease Industrial Outdoor Storage In Brooklyn For $18/ft
LEASEDLand

Ruben Kast De Martinez, Michael Maunsell & Ranee Jaber Lease Industrial Outdoor Storage In Brooklyn For $18/ft

252 Maspeth Avenue

$18

$18/SF

Building Size

17,270 SF

Asset Type

Land

Closing

Aug 17, 2026

About this deal

AI

The property asset involved in this transaction is an Industrial Outdoor Storage (IOS) site located at 252 Maspeth Ave., Brooklyn. The asking rent for the property was set at $18 per square foot, with a total area of 17,270 square feet. The deal was finalized in a market characterized by industrial land and outdoor storage space.

Summary of transaction details:

This leasing transaction was completed in under 45 days of being brought to market. SymmetryCRG and DY Realty Group represent the landlord in the deal, showcasing their role as intermediaries between the landlord and potential tenants seeking industrial or IOS properties in Brooklyn and Queens.

Players

Michael Maunsell

SymmetryCRG

Broker

$25M

vol

6 deals

Broker

Brooklyn Land Market Snapshot

Boundary boundary · Land · Lease transactions

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Deal FAQ

About $18 per square foot on a published $18 for 17,270 square feet (2026).

Visit Michael Maunsell to view all their deals.

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Purchase Price

Annual NOI

Loan Amount

Interest Rate (%)

Loan Term (yrs)

Down Payment (%)

Cap Rate

881277.78%

Cash-on-Cash

-251871.89%

Monthly Payment

$14,164

Annual Debt Svc

$169,964

Annual Cash Flow

$-11,334

DSCR

0.93

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