{"id":1004561423,"date":"2021-12-22T09:43:59","date_gmt":"2021-12-22T17:43:59","guid":{"rendered":"https:\/\/www.commercialsearch.com\/news\/?p=1004561423"},"modified":"2022-12-08T21:18:10","modified_gmt":"2022-12-09T05:18:10","slug":"top-5-nyc-industrial-building-sales-november-2021","status":"publish","type":"post","link":"https:\/\/www.commercialsearch.com\/news\/top-5-nyc-industrial-building-sales-november-2021\/","title":{"rendered":"Top 5 NYC Industrial Building Sales\u2014November 2021"},"content":{"rendered":"
\"\"<\/a>

Source: PropertyShark, a Yardi Systems Inc. company<\/p><\/div>\n

    \n
  1. 512 Gardner Ave., Brooklyn<\/a>
    \nSale Price: $70,000,000<\/li>\n<\/ol>\n

    Realterm acquired the 24,456-square-foot truck terminal in a transaction facilitated by Cushman & Wakefield. The parcel totaling 197,188 square feet is within an Opportunity Zone and includes an additional 394,376 buildable square footage. The 52-door, high flow-through facility located along Interstate 278\/Brooklyn Queens Expressway, also offers easy access to Interstate 495 and is within 6 miles of LaGuardia Airport.<\/p>\n

      \n
    1. 58-80 Borden Ave., Queens<\/a>
      \nSale Price: $49,500,000<\/li>\n<\/ol>\n

      Truck King International sold the property totaling 31,600 square feet to Sitex Group. The new owner secured $30.1 million in acquisition financing originated by CIT Bank. The property last traded in 2004, when the current seller paid $4.5 million for the single-building asset. The one-story property was completed in 1965 and also includes an office space totaling 2,600 square feet.<\/p>\n

        \n
      1. 218 Front St., Brooklyn<\/a>
        \nSale Price: $48,500,000<\/li>\n<\/ol>\n

        A private investor sold the five-building property in the Vinegar Hill neighborhood to Urban Realty Partners. The new owner financed the transaction with a $36 million loan provided by Popular Bank. The 1960-built property encompasses 41,871 square feet and underwent renovations in 1967. The 49,200-square-foot lot also includes an additional 105,780 buildable square footage.<\/p>\n

          \n
        1. 34-52 Laurel Hill Blvd., Queens<\/a>
          \nSale Price: $25,000,000<\/li>\n<\/ol>\n

          Industrial gas supplier, American Compressed Gases Inc. sold the 20,800-square-foot facility to Realterm. The final mile warehouse in the Maspeth neighborhood features a cross-dock configuration with 30 loading positions. The facility offers easy access to Interstates 495 and 278, it is some 5 miles southeast from LaGuardia Airport and within 8 miles of the Port of New York and New Jersey.<\/p>\n

            \n
          1. 10 Grand Ave., Brooklyn<\/a>
            \nSale Price: $17,250,000<\/li>\n<\/ol>\n
            \"\"<\/a>

            10 Grand Ave., Brooklyn<\/p><\/div>\n

            Workable City Development sold the 58,905-square-foot facility along with 8 Grand Ave.<\/a> totaling 14,780 square feet to a partnership between Meadow Partners and Glacier Equities. Fortress Investment Group provided an acquisition and development financing package totaling $22.5 million. All three mortgages are set to mature in October 2024. Glacier Equities plans to invest $6 million in capital improvements to reposition the two-building property according to Commercial Observer.<\/em><\/p>\n","protected":false},"excerpt":{"rendered":"

            PropertyShark compiled the city\u2019s top deals for the sector.<\/p>\n","protected":false},"author":1269,"featured_media":1004561691,"comment_status":"closed","ping_status":"closed","sticky":false,"template":"","format":"standard","meta":{"_acf_changed":false,"_jetpack_memberships_contains_paid_content":false,"footnotes":""},"categories":[21748,1600,10,37790],"tags":[],"class_list":["post-1004561423","post","type-post","status-publish","format-standard","has-post-thumbnail","hentry","category-industrial","category-new-york","category-northeast","category-rc-retail-nyc-spotlight"],"acf":[],"yoast_head":"\nTop 5 NYC Industrial Building Sales\u2014November 2021 - Commercial Property Executive<\/title>\n<meta name=\"robots\" content=\"index, follow, max-snippet:-1, max-image-preview:large, max-video-preview:-1\" \/>\n<link rel=\"canonical\" href=\"https:\/\/www.commercialsearch.com\/news\/top-5-nyc-industrial-building-sales-november-2021\/\" \/>\n<meta property=\"og:locale\" content=\"en_US\" \/>\n<meta property=\"og:type\" content=\"article\" \/>\n<meta property=\"og:title\" content=\"Top 5 NYC Industrial Building Sales\u2014November 2021\" \/>\n<meta property=\"og:description\" content=\"PropertyShark compiled the city\u2019s top deals for the sector.\" \/>\n<meta property=\"og:url\" content=\"https:\/\/www.commercialsearch.com\/news\/top-5-nyc-industrial-building-sales-november-2021\/\" \/>\n<meta property=\"og:site_name\" content=\"Commercial Property Executive\" \/>\n<meta property=\"article:publisher\" content=\"https:\/\/www.facebook.com\/CPExecutive\" \/>\n<meta property=\"article:published_time\" content=\"2021-12-22T17:43:59+00:00\" \/>\n<meta property=\"article:modified_time\" content=\"2022-12-09T05:18:10+00:00\" \/>\n<meta property=\"og:image\" content=\"https:\/\/www.commercialsearch.com\/news\/wp-content\/uploads\/sites\/46\/2021\/12\/10-Grand-Ave.-Brooklyn-Industrial.jpg\" \/>\n\t<meta property=\"og:image:width\" content=\"680\" \/>\n\t<meta property=\"og:image:height\" content=\"510\" \/>\n\t<meta property=\"og:image:type\" content=\"image\/jpeg\" \/>\n<meta name=\"author\" content=\"the Editors of Commercial Property Executive\" \/>\n<meta name=\"twitter:card\" content=\"summary_large_image\" \/>\n<meta name=\"twitter:creator\" content=\"@cpexecutive\" \/>\n<meta name=\"twitter:site\" content=\"@cpexecutive\" \/>\n<script type=\"application\/ld+json\" class=\"yoast-schema-graph\">{\"@context\":\"https:\/\/schema.org\",\"@graph\":[{\"@type\":\"WebPage\",\"@id\":\"https:\/\/www.commercialsearch.com\/news\/top-5-nyc-industrial-building-sales-november-2021\/\",\"url\":\"https:\/\/www.commercialsearch.com\/news\/top-5-nyc-industrial-building-sales-november-2021\/\",\"name\":\"Top 5 NYC Industrial Building Sales\u2014November 2021 - 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