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CineMagic Companies Acquires Industrial Property In Long Island City For $19.1M

Property Image
SOLD
$19,100,000
Garett Varricchio
Joshua King
Daniel (Dan) O'Brien

New York

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Industrial52,500 SF
Sold 12/29/2023
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Property Image
SOLD

CineMagic Companies Acquires Industrial Property In Long Island City For $19.1M

47-50 30th Street

See Similar Deals
Industrial52,500 SF
Sold 12/29/2023
Garett Varricchio
Joshua King
Daniel (Dan) O'Brien
the dealplayerscompscontact
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Summary

NEW YORK
Asset Type:Industrial
Price Per Square Foot:$363
Total Square Footage:52,500 SF
Transaction Type:Sale

A 52,500 square foot industrial property located at 47-50 30th Street in Long Island City has been sold for the price of $19,100,000. The property was purchased by CineMagic Companies from Alexandria Real Estate Equities. The sale price translates to a price per square foot of $364.

Summary of transaction details:

  • Property Type: Industrial
  • Transaction Amount: $19,100,000
  • Address: 47-50 30th Street, Long Island City
  • Market: Long Island City
  • Buyer: CineMagic Companies
  • Seller: Alexandria Real Estate Equities
  • Brokers: Daniel O'Brien & Joshua King - Newmark; Garett Varricchio - Cushman & Wakefield
  • Square Footage: 52,500 SF
  • Price per Square Foot: $364

Daniel O'Brien, Joshua King, and Garett Varricchio represented their respective parties in the transaction, with O'Brien and King acting as brokers for Newmark, and Varricchio representing Cushman & Wakefield.

Players

Joshua King
Newmark
Joshua King
115 deals$32.8B volume(212) 850-5427
BROKER
Daniel (Dan) O'Brien
Newmark
Daniel O'Brien
146 deals$4.7B volume(212) 698-5584
BROKER
Garett Varricchio
Cushman & Wakefield
Garett Varricchio
5 deals$19.1M volume
BROKER
RE
Real Estate Equities
SELLER

Details

SOLD
IMAGE: Garett Varricchio, Daniel O'Brien & Joshua King DATE: 12/29/2023 ADDRESS: 47-50 30th Street MARKET: Long Island City ASSET TYPE: Industrial BUYER: CineMagic Companies SELLER: Alexandria Real Estate Equities BROKERS: Daniel O'Brien & Joshua King - Newmark (@Newmark); Garett Varricchio - Cushman & Wakefield (@CushWake) SALE PRICE: $19,100,000 SF: 52,500 ~ PPSF: $364

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