Charles Brown Acquires College Point Warehouse From Safeguard Self Storage For $15.25M

A warehouse located at 131-21 14th Avenue in College Point, Queens has been sold in a recent transaction. The property is zoned as M1-1 and offers a total square footage of 55,860. The buyer, Charles Brown, has acquired the warehouse from the seller, Safeguard Self Storage, for a price of $15,250,000. The building has a buildable square footage of 73,500, resulting in a price per buildable square footage of $207. The price per square footage for the existing structure is $274. The previous sale of this property took place on October 1, 2019, at a price of $15,000,000. The lot dimensions measure 377.58 ft x 212 ft.

Summary of transaction details

• Property Type: Warehouse
• Transaction Amount: $15,250,000
• Market: College Point, Queens
• Asset Type: Warehouse
• Zoning: M1-1
• Buyer: Charles Brown
• Seller: Safeguard Self Storage
• BSF: 73,500
• PPBSF: $207
• SF: 55,860
• PPSF: $274
• Last Sale Price: $15,000,000 (10/01/2019)
• Lot Dimensions: 377.58 ft x 212 ft

The sale of this warehouse in College Point, Queens involved Charles Brown as the buyer and Safeguard Self Storage as the seller. Charles Brown's representative in this transaction was Mark H. Degner from Brown & Howard Realtors. The property's market value in the College Point area and its zoning classification as M1-1 were key factors in this transaction. The lot dimensions of 377.58 ft x 212 ft provided ample space for the warehouse structure. This deal marks an important transaction in the College Point real estate market, further showcasing the demand for warehouse properties in the area.