Terreno Realty Acquires Industrial Asset From Werwaiss Properties In Long Island City For $7.6M

The property asset involved in the transaction is an industrial space located at 48-29 31st Place in Long Island City. The sale price was $7,600,000, with a total square footage of 16,800, resulting in a price per square foot of $452.

Summary of transaction details:

• Property Type: Industrial
• Transaction Amount: $7,600,000
• Buyer: Terreno Realty
• Seller: Werwaiss Properties
• Broker: Evan Daniel - Modern Spaces
• Date of Transaction: 12/05/2024

Evan Daniel, representing Modern Spaces, exclusively handles sales for sellers in Western Queens, providing expertise in the Long Island City, Astoria, and Sunnyside real estate markets.