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:
- Property Type: Land
- Transaction Amount: $18/ft
- Total Square Footage: 17,270
- Lease Type: Modified Gross Lease
- Market: Brooklyn
- Landlord's Representatives: Ruben Kast De Martinez, Michael Maunsell - SymmetryCRG & Ranee Jaber - DY Realty Group
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.
On the Map
$18
$18/SF
Land
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Players
Brooklyn Land Market Snapshot
Boundary boundary · Land · Lease transactions
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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