Vic Peng Acquires Queens Industrial & Development Portfolio For $51M | 134-07 Northern Boulevard (Portfolio - See Notes For Details) | Kevin Louie, Stephen R. Preuss Sr. | Industrial | Sale

Summary

Sale

NEW YORK

Industrial

66,426 sqft

The Queens Industrial & Development Portfolio has been sold in a transaction worth $51,000,000. The portfolio consists of multiple properties located at 134-07 Northern Boulevard, 133-16 35th Avenue, 134-65/69 Collins Place, and 132-56/60 34th Avenue in New York City. The total square footage of the portfolio is 66,426, with an average price per square foot of $768. The sale represents a capitalization rate of 2.11%.

Summary of transaction details

Property Type: Industrial
Transaction Amount: $51,000,000
Address: 134-07 Northern Boulevard, 133-16 35th Avenue, 134-65/69 Collins Place, 132-56/60 34th Avenue
Market: New York City

Vic Peng has acquired the Queens Industrial & Development Portfolio from the Mannheimer Family. The transaction was facilitated by brokers Stephen R. Preuss Sr. and Kevin Louie from Ripco Real Estate.

Players

All
3

Agents
2
Agencies
1

Kevin Louie

Managing Director

$655.9M Sold

Stephen R. Preuss Sr.

Vice Chairman

$1.3B Sold

Ripco

Details

Deal Summary

SOLD

IMAGE: Stephen R. Preuss Sr., Kevin Louie & Kyle Mannheimer DATE: 03/17/2023 ADDRESS: Queens Industrial & Development Portfolio - 134-07 Northern Boulevard, 133-16 35th Avenue, 134-65/69 Collins Place & 132-56/60 34th Avenue MARKET: New York City ASSET TYPE: Industrial BUYER: Vic Peng SELLER: Mannheimer Family BROKERS: Stephen R. Preuss Sr. (@RipcoInvestmentSales) & Kevin Louie (@Kevin.Louie_Investment_Sales) - Ripco Real Estate (@Ripcorealestate) SALE PRICE: $51,000,000 SF: 66,426 ~ PPSF: $768 CAP: 2.11% .

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Address134-07 Northern Boulevard (Portfolio - See Notes For Details)

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