Oxford Property Group Acquires Industrial Property In New York City For $6.25M

The industrial property located at 43-01 39th Street in New York City has been sold in a closed transaction. The property spans 12,500 square feet and was sold for a total of $6,250,000, resulting in a price per square foot of $500. This transaction marks the second time the property has been sold, with the previous sale occurring in 2019 for $425 per square foot.

Summary of transaction details:

• Property Type: Industrial
• Transaction Amount: $6,250,000
• Address: 43-01 39th Street
• Market: New York City

David Krulewitch, representing Kingston Management, acted as the seller in this transaction. The buyer, on the other hand, was represented by Harry Zikos from Oxford Property Group. The seller's representatives were Daniel O'Brien, William Diana, and Dylan Walsh from Cushman & Wakefield.

Please note that Cushman & Wakefield, the brokerage agency involved in this deal, sold the property in 2019 for $425 per square foot and has now facilitated the second sale at $500 per square foot. For more industrial deals in the outer boroughs of New York City, you can reach out to Will Diana at 917-882-3446 or [email protected].