Hein Aye Purchases 1,445 SF Retail Condo In Maspeth From Dr. Sabeeh Khan For $750,000
55-36 69th Place
$750,000
$519/SF
Building Size
1,445 SF
Asset Type
Retail
Closing
Apr 1, 2026
AI
The asset involved in this transaction is a retail condo located at 55-36 69th Place in the Maspeth market. The sale price for the property was $750,000, and it features a total square footage of 1,445, resulting in a price per square foot of $519. The property is 100% occupied and is net-leased with a full corporate guarantee from MB2 Dental, which operates over 800 locations nationwide.
Summary of transaction details:
- Property Type: Retail
- Transaction Amount: $750,000
- Square Footage: 1,445
- Price per Square Foot: $519
- Address: 55-36 69th Place
- Market: Maspeth
- Buyer: Hein Aye
- Seller: Dr. Sabeeh Khan
- Brokers: Scott Plasky & William "Billy" Stephan - Marcus & Millichap
Scott Plasky and William "Billy" Stephan represented the sellers Dr. Sabeeh Khan in this transaction. The brokers are associated with Marcus & Millichap and invite inquiries for similar net-leased retail condo opportunities throughout New York City.
Players
Maspeth Retail Market Snapshot
Boundary boundary · Retail · Sale transactions
Loading comparables…
Purchase Price
Annual NOI
Loan Amount
Interest Rate (%)
Loan Term (yrs)
Down Payment (%)
Cap Rate
21.15%
Cash-on-Cash
-6.04%
Monthly Payment
$14,164
Annual Debt Svc
$169,964
Annual Cash Flow
$-11,334
DSCR
0.93