{"id":1004181033,"date":"2017-06-19T12:21:30","date_gmt":"2017-06-19T20:21:30","guid":{"rendered":"https:\/\/www.commercialsearch.com\/news\/?p=1004181033"},"modified":"2017-06-19T12:21:30","modified_gmt":"2017-06-19T20:21:30","slug":"himmel-meringoff-nabs-queens-officewarehouse-asset","status":"publish","type":"post","link":"https:\/\/www.commercialsearch.com\/news\/himmel-meringoff-nabs-queens-officewarehouse-asset\/","title":{"rendered":"Himmel + Meringoff Nabs Queens Office\/Warehouse Asset"},"content":{"rendered":"<p>By Corina Stef<\/p>\n<div id=\"attachment_1004181047\" style=\"width: 310px\" class=\"wp-caption alignright\"><a href=\"https:\/\/www.commercialsearch.com\/news\/wp-content\/uploads\/sites\/46\/2017\/06\/Webp.net-resizeimage5.jpg\" target=\"_blank\" rel=\"noopener noreferrer\"><img loading=\"lazy\" decoding=\"async\" aria-describedby=\"caption-attachment-1004181047\" data-attachment-id=\"1004181047\" data-permalink=\"https:\/\/www.commercialsearch.com\/news\/himmel-meringoff-nabs-queens-officewarehouse-asset\/webp-net-resizeimage-16\/\" data-orig-file=\"https:\/\/www.commercialsearch.com\/news\/wp-content\/uploads\/sites\/46\/2017\/06\/Webp.net-resizeimage5.jpg\" data-orig-size=\"800,600\" data-comments-opened=\"0\" data-image-meta=\"{&quot;aperture&quot;:&quot;0&quot;,&quot;credit&quot;:&quot;&quot;,&quot;camera&quot;:&quot;&quot;,&quot;caption&quot;:&quot;&quot;,&quot;created_timestamp&quot;:&quot;1497522980&quot;,&quot;copyright&quot;:&quot;&quot;,&quot;focal_length&quot;:&quot;0&quot;,&quot;iso&quot;:&quot;0&quot;,&quot;shutter_speed&quot;:&quot;0&quot;,&quot;title&quot;:&quot;&quot;,&quot;orientation&quot;:&quot;0&quot;}\" data-image-title=\"21-07 41st Ave., New York City\" data-image-description=\"&lt;p&gt;21-07 41st Ave., New York City&lt;\/p&gt;\n\" data-image-caption=\"&lt;p&gt;21-07 41st Ave., New York City&lt;\/p&gt;\n\" data-large-file=\"https:\/\/www.commercialsearch.com\/news\/wp-content\/uploads\/sites\/46\/2017\/06\/Webp.net-resizeimage5.jpg?w=800\" class=\"wp-image-1004181047 size-medium\" src=\"https:\/\/www.commercialsearch.com\/news\/wp-content\/uploads\/sites\/46\/2017\/06\/Webp.net-resizeimage5.jpg\" alt=\"21-07 41st Ave., New York City\" width=\"300\" height=\"225\" srcset=\"https:\/\/www.commercialsearch.com\/news\/wp-content\/uploads\/sites\/46\/2017\/06\/Webp.net-resizeimage5.jpg 800w, https:\/\/www.commercialsearch.com\/news\/wp-content\/uploads\/sites\/46\/2017\/06\/Webp.net-resizeimage5.jpg?resize=300,225 300w, https:\/\/www.commercialsearch.com\/news\/wp-content\/uploads\/sites\/46\/2017\/06\/Webp.net-resizeimage5.jpg?resize=768,576 768w\" sizes=\"auto, (max-width: 300px) 100vw, 300px\" \/><\/a><p id=\"caption-attachment-1004181047\" class=\"wp-caption-text\">21-07 41st Ave., New York City<\/p><\/div>\n<p>Himmel + Meringoff Properties has acquired a 127,000-square-foot, six-story office\/warehouse property situated in Queen\u2019s Long Island City neighborhood. The sale was funded by an <a href=\"https:\/\/www.commercialsearch.com\/news\/iconic-times-square-asset-lands-200m-refi\/\">acquisition and development loan<\/a> provided by M&amp;T Bank. Empire Leasing and Development President Tom Tassone acted on behalf of the seller, an entity affiliated with Daniel Geoly, according to public records. The building last traded in 1982, and it served as headquarters for Geoly\u2019s costume design business, Eaves-Brooks Costume Co.<\/p>\n<h2>Premier location<\/h2>\n<p>The property is located at 21-07 41<sup>st<\/sup> Ave., offering 20,000-square-foot floor plates. It is also conveniently located at the F train subway station, two stops from Midtown Manhattan and one stop from Cornell University\u2019s Roosevelt Island division. Neighboring amenities include restaurants, cafes, banks, hotels and retailers.<\/p>\n<p>The building is occupied by tenants such as Penn &amp; Fletcher, Zoe Ltd., Elities and Magellan Fine Arts Services. Vacant ground-floor retail space totaling 11,000 square feet is also available for fitness, healthcare, food &amp; beverage and grocery businesses.<\/p>\n<p>\u201c<em>We were able to acquire this property at a very attractive cost basis. Over the years we\u2019ve developed a significant war chest that gives us the flexibility to move rapidly to close on deals. As we navigate through this current cycle, we expect to see more opportunities like this and are well positioned to expand our portfolio,<\/em>\u201d said Leslie Himmel, co-managing partner of Himmel + Meringoff, in prepared remarks.\u00a0<\/p>\n<p><em>Image courtesy of\u00a0Himmel + Meringoff Properties <\/em><\/p>\n","protected":false},"excerpt":{"rendered":"<p>The 127,000-square-foot property is conveniently located at 21-07 41st Ave., at the F train subway station in Queen\u2019s Long Island City neighborhood.<\/p>\n","protected":false},"author":241,"featured_media":1004181047,"comment_status":"closed","ping_status":"closed","sticky":false,"template":"","format":"standard","meta":{"_acf_changed":false,"_jetpack_memberships_contains_paid_content":false,"footnotes":""},"categories":[21743,21783,21752,1600,21742,10],"tags":[36259,36258,35336],"class_list":["post-1004181033","post","type-post","status-publish","format-standard","has-post-thumbnail","hentry","category-deals","category-investment","category-mixed-use","category-new-york","category-latest","category-northeast","tag-daniel-geoly","tag-himmel-meringoff-properties","tag-mt-bank"],"acf":[],"yoast_head":"<!-- This site is optimized with the Yoast SEO Premium plugin v28.0 (Yoast SEO v28.0) - 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