Lightstone Group Acquires Industrial Property From AB Capstone In Long Island City For $27.2M

The transaction involved an industrial property located at 45-01 Northern Boulevard & 34-08 46th Street in the Long Island City market. The sale occurred on March 13, 2026, with a sale price of $27,200,000. The property encompasses 54,180 square feet, equating to a price per square foot of $502.

Summary of transaction details:

• Property Type: Industrial
• Transaction Amount: $27,200,000
• Address: 45-01 Northern Boulevard & 34-08 46th Street
• Market: Long Island City
• Square Footage: 54,180
• Price per Square Foot: $502
• Buyer: Lightstone Group
• Seller: AB Capstone
• Brokers: Zach Redding, Dylan Kane & Sarah Short - Colliers

The key individuals involved in the deal include brokers Zach Redding, Dylan Kane, and Sarah Short, representing Colliers for the transaction. The collaboration among the brokers facilitated the successful closing between the buyer, Lightstone Group, and the seller, AB Capstone.