Bay Crane Companies Acquires Industrial Crane Storage Site In Queens For $16.1M

Bay Crane Companies, a regional crane company, has acquired an industrial crane storage site in Maspeth, Queens, located at 54-04 44th St., for $16.1 million. The property, sold by Robert Weiss, spans 5,670 square feet, with a price per square foot of $2,840. This acquisition further strengthens Bay Crane Companies' position in the region's crane services market.

Summary of transaction details

• Property Type: Industrial
• Transaction Amount: $16,100,000
• Square Feet: 5,670
• Price per Square Foot: $2,840
• Address: 54-04 44th St, Queens
• Buyer: Bay Crane Companies - Kenneth Bernardo
• Seller: Robert Weiss

Bay Crane Companies' successful acquisition of the industrial crane storage site in Maspeth, Queens demonstrates their commitment to expanding their presence in the crane services market. This strategic move allows them to enhance their capabilities and better serve their clients in the region. Robert Weiss, the seller in this transaction, has facilitated Bay Crane Companies' growth and consolidation of their market position.