{"id":1004573387,"date":"2022-03-25T06:33:20","date_gmt":"2022-03-25T14:33:20","guid":{"rendered":"https:\/\/www.commercialsearch.com\/news\/?p=1004573387"},"modified":"2022-12-08T13:03:45","modified_gmt":"2022-12-08T21:03:45","slug":"top-5-nyc-industrial-building-sales-february-2022","status":"publish","type":"post","link":"https:\/\/www.commercialsearch.com\/news\/top-5-nyc-industrial-building-sales-february-2022\/","title":{"rendered":"Top 5 NYC Industrial Building Sales\u2014February 2022"},"content":{"rendered":"
\"\"<\/a>

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

    \n
  1. 2325 Hollers Ave., Bronx<\/a>
    \nSale Price: $48,200,000<\/li>\n<\/ol>\n

    Cayre Equities sold the 100,279-square-foot warehouse in Eastchester to Brookfield Properties. The buyer secured a $31 million acquisition loan originated by Wells Fargo Bank. The 2017-built self-storage, formerly a Treasure Island Storage was rebranded as Life Storage. According to its website the four-story storage offers climate controlled units as well as drive-up storage options and 24\/7 surveillance.<\/p>\n

      \n
    1. 87-40 121st St., Queens<\/a>
      \nSale Price: $46,500,000<\/li>\n<\/ol>\n
      \"\"<\/a>

      87-40 121st St. Image via Google Street View<\/p><\/div>\n

      Brookfield Properties also picked up this 82,953-square-foot self-storage in Richmond Hill from Urban Storage Fund. Wells Fargo Bank facilitated this purchase with a $22.2 million loan. The industrial building was originally built in 1930 but was converted to self-storage use in 2016. The adaptive reuse process involved the total renovation of the existing structure and the addition of five stories.<\/p>\n

        \n
      1. 48-02 48th Ave., Queens<\/a>
        \nSale Price: $41,700,000<\/li>\n<\/ol>\n

        Empire Office sold the 112,577-square-foot property along with 48-15 50th Ave.<\/a> totaling 13,956 square feet on a combined 2.5 acres. East End Capital acquired the industrial complex with the help of Meridian Capital Group as well as a $34 million loan. The two-building three-story distribution center includes a parking lot totaling 10,500 square feet and recently underwent a $2 million capital improvements plan.<\/p>\n

          \n
        1. 42-61 24th St., Queens<\/a>
          \nSale Price: $40,100,000<\/li>\n<\/ol>\n

          AB Marbec Realty Corp. sold the warehouse totaling 76,000 square feet in Long Island City to an entity affiliated with United Construction & Development Group. Bank of China provided a $23 million acquisition loan. According to the New York Yimby, permits have already been filed to demolish the existing structure and to build a six-story mixed-use development with 43 residential units and commercial space totaling 7,146 square feet.<\/p>\n

            \n
          1. 360 Kingsland Ave., Brooklyn<\/a>
            \nSale Price: $30,000,000<\/li>\n<\/ol>\n

            Sitex Group acquired the 77,160-square-foot site in Greenpoint through a deal arranged by locally based TerraCRG. The industrial site houses an 8,000-square-foot warehouse completed in 1976 and offers an additional 146,604-square-foot buildable square footage. The property last traded in late 2011 for a fraction of the current price, $3.3 million.<\/p>\n","protected":false},"excerpt":{"rendered":"

            PropertyShark compiled the city\u2019s top deals for the sector.<\/p>\n","protected":false},"author":1269,"featured_media":1004573416,"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-1004573387","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\u2014February 2022 - 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-february-2022\/\" \/>\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\u2014February 2022\" \/>\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-february-2022\/\" \/>\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=\"2022-03-25T14:33:20+00:00\" \/>\n<meta property=\"article:modified_time\" content=\"2022-12-08T21:03:45+00:00\" \/>\n<meta property=\"og:image\" content=\"https:\/\/www.commercialsearch.com\/news\/wp-content\/uploads\/sites\/46\/2022\/03\/87-40-121st-St-Image-via-Google-Street-View-Industrial.png\" \/>\n\t<meta property=\"og:image:width\" content=\"800\" \/>\n\t<meta property=\"og:image:height\" content=\"620\" \/>\n\t<meta property=\"og:image:type\" content=\"image\/png\" \/>\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\":\"Article\",\"@id\":\"https:\\\/\\\/www.commercialsearch.com\\\/news\\\/top-5-nyc-industrial-building-sales-february-2022\\\/#article\",\"isPartOf\":{\"@id\":\"https:\\\/\\\/www.commercialsearch.com\\\/news\\\/top-5-nyc-industrial-building-sales-february-2022\\\/\"},\"author\":{\"name\":\"the Editors of Commercial Property Executive\",\"@id\":\"https:\\\/\\\/www.commercialsearch.com\\\/news\\\/#\\\/schema\\\/person\\\/1b82b91678533ae5d40e3240086a42bb\"},\"headline\":\"Top 5 NYC Industrial Building Sales\u2014February 2022\",\"datePublished\":\"2022-03-25T14:33:20+00:00\",\"dateModified\":\"2022-12-08T21:03:45+00:00\",\"mainEntityOfPage\":{\"@id\":\"https:\\\/\\\/www.commercialsearch.com\\\/news\\\/top-5-nyc-industrial-building-sales-february-2022\\\/\"},\"wordCount\":344,\"image\":{\"@id\":\"https:\\\/\\\/www.commercialsearch.com\\\/news\\\/top-5-nyc-industrial-building-sales-february-2022\\\/#primaryimage\"},\"thumbnailUrl\":\"https:\\\/\\\/www.commercialsearch.com\\\/news\\\/wp-content\\\/uploads\\\/sites\\\/46\\\/2022\\\/03\\\/87-40-121st-St-Image-via-Google-Street-View-Industrial.png\",\"articleSection\":[\"Industrial\",\"New York\",\"Northeast\",\"Retail (NYC Spotlight)\"],\"inLanguage\":\"en-US\"},{\"@type\":\"WebPage\",\"@id\":\"https:\\\/\\\/www.commercialsearch.com\\\/news\\\/top-5-nyc-industrial-building-sales-february-2022\\\/\",\"url\":\"https:\\\/\\\/www.commercialsearch.com\\\/news\\\/top-5-nyc-industrial-building-sales-february-2022\\\/\",\"name\":\"Top 5 NYC Industrial Building Sales\u2014February 2022 - 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