Blackstone Acquires Industrial Properties In Long Island City For $37.5M

31-30 Hunters Point Avenue, Long Island City, NY, USA

$37,500,000

$347/SF

Building Size

108,000 SF

Asset Type

Industrial

Closing

Jun 3, 2020

AI

Located in Long Island City, the industrial property at 31-30 Hunters Point Ave, 31-35 Borden Ave, and 49-33 31st Place has been sold in a closed transaction. The property spans approximately 108,000 square feet and is situated in a bustling market.

Summary of transaction details

Property Type: Industrial
Transaction Amount: $37,500,000
Address: 31-30 Hunters Point Ave, 31-35 Borden Ave, 49-33 31st Place
Market: Long Island City

The buyer of this property is Blackstone, a renowned real estate firm. The seller, on the other hand, is The Deutsch Family. The successful deal was facilitated by brokers Yehuda Goltche and Itan Rahmani from the Marksmen Group and VCPRE. Their dedication and expertise played a key role in finalizing the transaction.

It's worth noting that this deal was tracked by VCPRE for several years and eventually closed off-market at an attractive basis for Blackstone. Their commitment to their client base is evident in their ability to deliver favorable outcomes. If you have specific real estate needs, VCPRE is ready to go the extra mile to fulfill them.

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