Quality Installation NY Acquires Property In Maspeth Queens From Let It Be Realty For $4.5M
SOLD
$4,500,000
New York
See Similar DealsOffice17,000 SF
Sold 09/15/2015
SOLD
Quality Installation NY Acquires Property In Maspeth Queens From Let It Be Realty For $4.5M
5844 Maurice Ave, Queens, NY, 11378
See Similar DealsOffice17,000 SF
Sold 09/15/2015
Summary
NEW YORK
Asset Type:Office
Price Per Square Foot:$264
Total Square Footage:17,000 SF
Transaction Type:Sale
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.
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Deal Type
30 years
10 years
Operating Income
Operating Expenses (Annual)
Net Operating Income (NOI)
$240,000.00
Debt Service Coverage Ratio (DSCR)
0.94x
Cap Rate
5.33%
Cash Flow (Annual)-$15,987.55
Cash-on-Cash Return-1.27%
Monthly Debt Service$21,332.30
Annual Debt Service$255,987.55
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