Matt Schwartz Of Domain Companies Acquires Industrial Property In Long Island City For $26.84M

The transaction involves two adjacent parcels located at 35-33 and 35-45 41st Street in Long Island City. The buyer, Domain Companies, acquired the industrial asset from Mayer Malbin Realty for a total of $26,840,000, which translates to a price per square foot of $1,032 for the 26,000-square-foot site. The property was previously occupied by a piping materials distributor and is anticipated to undergo redevelopment, though specific plans have not been disclosed.

Summary of transaction details:

• Property Type: Industrial
• Transaction Amount: $26,840,000
• Address: 35-33 41st Street & 35-45 41st Street
• Market: Long Island City
• Buyer: Matt Schwartz - Domain Companies
• Seller: Mayer Malbin Realty
• Square Footage: 26,000
• Price Per Square Foot: $1,032

Matt Schwartz represented Domain Companies in this transaction. The deal marks a significant acquisition for the buyer, who is expected to redevelop the site after acquiring it from Mayer Malbin Realty. The seller, a known entity in the real estate market, has transferred ownership of the industrial property as part of this transaction.