Titanium Holdings Group Sells Maspeth Parking Lot For $18.5M
55-25 58th Street, Maspeth, NY, USA
$18,500,000
$154/SF
Building Size
120,125 SF
Asset Type
Other
Closing
Dec 21, 2020
About this deal
AI
The parking asset located at 55-25 58 Street in Maspeth was sold on December 22, 2020. The property is zoned as M1-1 and has a lot size of 120,125 square feet. The seller, Titanium Holdings Group represented by Steven Etra, closed the transaction at a price of $18,500,000.
Summary of transaction details
- Property Type: Parking
- Transaction Amount: $18,500,000
- Address: 55-25 58 Street, Maspeth
- Market: Maspeth
- Zoning: M1-1
- Seller: Titanium Holdings Group - Steven Etra
- Lot Size: 120,125 square feet
The transaction involved the seller, Titanium Holdings Group, represented by Steven Etra. Etra acted as the seller's representative in this deal.
Players
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Purchase Price
Annual NOI
Loan Amount
Interest Rate (%)
Loan Term (yrs)
Down Payment (%)
Cap Rate
0.86%
Cash-on-Cash
-0.25%
Monthly Payment
$14,164
Annual Debt Svc
$169,964
Annual Cash Flow
$-11,334
DSCR
0.93