Quality Installation NY Acquires Property In Maspeth Queens From Let It Be Realty For $4.5M
5844 Maurice Ave, Queens, NY, 11378
$4,500,000
$264/SF
Building Size
17,000 SF
Asset Type
Office
Closing
Sep 15, 2015
About this deal
AI
The property asset involved in the transaction is located at 5844 Maurice Ave, Queens, NY, 11378, within the Maspeth market. It was sold for a price of $4,500,000.00 and encompasses a total square footage of 17,000 SF.
Summary of transaction details:
- Property Type: Sale
- Transaction Amount: $4,500,000.00
- Address: 5844 Maurice Ave, Queens, NY, 11378
- Market: Maspeth
- Seller: Let it Be Realty
- Buyer: Quality Installation NY
- Seller's Representative: Dmitri Gourianov - Kalmon Dolgin Affiliates
The transaction involved significant representation from Dmitri Gourianov of Kalmon Dolgin Affiliates, who acted on behalf of the seller, Let it Be Realty, in this deal with Quality Installation NY. The transaction reflects a strategic move in the Maspeth market, highlighting the ongoing dynamics in property exchanges in the area.
On the Map
$4,500,000
$264/SF
Office
View full map
Maspeth Office Market Snapshot
Boundary boundary · Office · Sale transactions
Loading comparables…
Deal FAQ
Visit Kalmon Dolgin Affiliates to view all their deals.
Browse Maspeth office sales on Traded.
Purchase Price
Annual NOI
Loan Amount
Interest Rate (%)
Loan Term (yrs)
Down Payment (%)
Cap Rate
3.53%
Cash-on-Cash
-1.01%
Monthly Payment
$14,164
Annual Debt Svc
$169,964
Annual Cash Flow
$-11,334
DSCR
0.93