The Davis Companies Acquires Industrial Property In Maspeth For $51.3M

The industrial property located at 58-30 Grand Avenue in Maspeth has been sold for a price of $51,300,000. The property spans 1.17 acres and offers a total square footage of 151,500. The sale price per square foot amounts to $338.

Summary of transation details

• Property Type: Industrial
• Transaction Amount: $51,300,000
• Address: 58-30 Grand Avenue
• Market: Maspeth
• Area: 1.17 acres

The buyer of this property is The Davis Companies, while the seller is Square Mile Capital and Innovo Property Group, represented by Andrew Chung. The deal was facilitated by brokers Doug Middleton, Brian Fiumara, and Ryan Silber from CBRE.