East End Capital Acquires Industrial Property In Sunnyside, Queens For $41.7M

East End Capital has acquired an industrial property in Sunnyside, Queens for a total of $41,700,000. The property, located at 48-02 48th Avenue & 48-15 50th Avenue, spans a total of 143,600 square feet. The transaction took place on January 18, 2022.

Summary of transaction details

• Property Type: Industrial
• Transaction Amount: $41,700,000
• Address: 48-02 48th Avenue & 48-15 50th Avenue
• Market: Sunnyside, Queens
• Buyer: East End Capital
• Seller's Representative: David Schechtman, Lipa Lieberman & Abie Kassin - Meridian Capital Group
• Lender: MSD
• Loan Brokers: Ronnie Levine & Ben Jacobs - Meridian Capital Group
• Loan Amount: $34,000,000
• Loan Type: Acquisition Loan

The deal was facilitated by David Schechtman, Lipa Lieberman, and Abie Kassin from Meridian Capital Group, representing the buyer. Ronnie Levine and Ben Jacobs from Meridian Capital Group acted as the brokers for the lender, MSD.