facebook
TradedTraded
    Home
    Search
    Closings
    Listings
    On Market
    Off Market
    Add a listing
    Vaults
    shh
    Rankings
    News
    Data
    Socials
    More


Messages

Go Pro
+ Submit+ Submit a Deal
Home

/

Deals

/

New York

/

Industrial

/

Sale

/

45-01 Northern Boulevard

David Lichtenstein Of Lightstone Group Acquires Industrial Buildings In Astoria For $27.2M
SOLDIndustrial

David Lichtenstein Of Lightstone Group Acquires Industrial Buildings In Astoria For $27.2M

45-01 Northern Boulevard & 34-08 46th Street

$27,200,000

$251/SF

Building Size

54,180 SF

Asset Type

Industrial

Closing

Mar 13, 2026

AI

The transaction involved two fully renovated industrial buildings located at 45-01 Northern Boulevard & 34-08 46th Street, in the market of Astoria, Queens. The sale price was $27,200,000, with a total square footage of 54,180 and a per square foot price of $502. Additionally, the assets included 3,240 square feet of air rights.

Summary of transaction details:

  • Property Type: Industrial
  • Transaction Amount: $27,200,000
  • Square Footage: 54,180
  • Price Per Square Foot: $502
  • Address: 45-01 Northern Boulevard & 34-08 46th Street
  • Market: Astoria, Queens
  • Buyer: David Lichtenstein - Lightstone Group
  • Seller: AB Capstone

David Lichtenstein, representing the Lightstone Group, previously held a lending position on the project before the acquisition. The seller in this transaction was AB Capstone, facilitating the sale of the two industrial properties.

Players

Lightstone Group
Lightstone GroupBuyer
AB Capstone
AB CapstoneSeller

Long Island City Industrial Market Snapshot

Boundary boundary · Industrial · Sale transactions

Loading comparables…

Purchase Price

Annual NOI

Loan Amount

Interest Rate (%)

Loan Term (yrs)

Down Payment (%)

Cap Rate

0.58%

Cash-on-Cash

-0.17%

Monthly Payment

$14,164

Annual Debt Svc

$169,964

Annual Cash Flow

$-11,334

DSCR

0.93