Top 5 NYC Industrial Building Sales—May 2022

Source: PropertyShark, a Yardi Systems Inc. company

1. 1170 Commerce Ave., Bronx
   Sale Price: $75,750,000

Link Logistics acquired the single-story warehouse totaling 103,000 square feet in Unionport. BNS Real Estate sold the industrial property, which features nine interior loading docks along with three drive-in doors and up to 20-foot clear heights. The property last traded in late-2004, when the current seller paid $11.1 million for the 1967-built warehouse.

2. 444 E. 10th St., Manhattan
   Sale Price: $61,000,000

Storage Post acquired the 92,470-square-foot self-storage warehouse in East Village. The property formerly known as Keepers Self Storage offers daily access, has an elevator and interior loading areas and is equipped with security cameras as well as motion-activated lights. The seven-story building was originally built in 1928 and underwent renovations in 1984.

3. 58-30 Grand Ave., Queens
   Sale Price: $51,250,000

58-30 Grand Ave. Image via Google Street View

A partnership between Innovo Property Group and Square Mile Capital Management sold the three-story industrial building totaling 151,500 square feet in Maspeth. The Davis Cos. acquired the property with the help of a financing package totaling $37.1 million originated by City National Bank. Completed in 1953, the warehouse last traded in October 2018 for $39 million.

4. 35-11 Nineth St., Queens
   Sale Price: $26,375,000

After a seven-year ownership, Brickman sold the four-story building encompassing 102,670 square feet in Astoria for nearly $5 million less than its 2015 acquisition price. Avison Young arranged the transaction. The former cigar factory was built in two phases between 1896 and 1930, however it was converted to office use in 2012 and recently underwent a multi-million renovation.

5. 55-40 44th St., Queens
   Sale Price: $24,675,000

Brookfield Properties acquired the 24,258-square-foot warehouse in Maspeth. Built in 2007, the single-story building includes 6,000 square feet of office space as well as 18,258 square feet of storage. The property offers easy access to Interstate 278 and 495. Notable tenants in the area include FedEx Ground, UPS and Amazon.