EverWest Acquires Queens Industrial Property On 55-30 46th Street For $57.25M

Located at 55-30 46th Street in Queens, this industrial property has been sold in a recent transaction. The asset is zoned as M3-1 and offers a total of 70,345 square feet of space. It features a market value of $57,250,000 and a price per square foot of $812. The building has a buildable square footage of 255,800 with a price per buildable square foot of $223. The lot size spans 360 feet by 350 feet.

Summary of transation details

• Property Type: Industrial
• Transaction Amount: $57,250,000
• Address: 55-30 46th Street, Queens
• Market: Queens
• Zoning: M3-1

The buyer of this property was EverWest, while the seller was Wharton Equity Partners, with Gary Korn representing the seller. The deal was facilitated by Mo Beler, Aaron Appel, Jonathan Schwartz, Adam Schwartz, Keith Kurland, and Michael Diaz from Walker & Dunlop.

With the successful completion of this transaction, EverWest will now assume ownership of the industrial property, adding it to their portfolio. The involvement of prominent real estate professionals, including Wharton Equity Partners and the team from Walker & Dunlop, further highlights the significance of this deal in the Queens market.