FedEx Ground Acquires Industrial Property In Maspeth, Queens For $50M

Located in Maspeth, Queens, the industrial property at 55-70 & 55-80 48th Street was recently sold in a closed transaction. The buyer, FedEx Ground, was represented by Andrew McDonald, while the seller, Carolyn M. Carrano, enlisted the services of Mathew Diana from DY Realty Group LLC. This deal highlights the strong demand for industrial assets in the New York Metropolitan area.

Summary of transaction details

• Property Type: Industrial
• Sale Price: $50,000,000
• Square Footage: 115,000
• Price per Square Foot: $434
• Address: 55-70 & 55-80 48th Street, Maspeth, Queens
• Market: Maspeth, Queens

The buyer, FedEx Ground, made a substantial investment by acquiring this industrial property. Andrew McDonald represented FedEx Ground in the transaction, while Mathew Diana from DY Realty Group LLC served as the broker. Carolyn M. Carrano, the seller, entrusted the sale of the property to Mathew Diana and his team at DY Realty Group LLC. The successful completion of this deal demonstrates the expertise and professionalism of all parties involved.

For those interested in user/investor opportunities in the New York Metropolitan area or joining the DY Realty Group team, they can contact Mat Diana at 718-729-7474 x134 or [email protected]. This transaction serves as a testament to DY Realty Group's ability to facilitate successful deals in the region.