EMP Capital Group Acquires Industrial Building At 35-43 West 37th Street For $15.4M

An industrial building located at 35-43 West 37th Street in Astoria, Queens, was sold for $15,400,000. The property, which spans 7,020 square feet, was transacted at a price per square foot of $2,194. The building is set for ground-up development under the ownership of EMP Capital Group.

Summary of transaction details:

• Property Type: Industrial
• Transaction Amount: $15,400,000
• Buyer: EMP Capital Group
• Seller: Jeffrey Sitomer & Jeff Gruebel
• Building Size: 7,020 SF
• Price per Square Foot: $2,194
• Address: 35-43 West 37th Street
• Market: Astoria, Queens

EMP Capital Group acquired the property through Emp 37th Street LLC from Jeffrey Sitomer and Jeff Gruebel, represented by Cartergavin37 LLC, ensuring the transition of ownership for future development plans.