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

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.