Cornell Realty And @LIVWRK Acquire Long Island City Warehouse For $17.75M

A warehouse located at 4245 12th Street in Long Island City, New York has been sold in a closed transaction. The property spans an area of 50,000 square feet and was sold for a price of $17,750,000, resulting in a price per square foot of $355.

Summary of transaction details

• Property Type: Warehouse
• Transaction Amount: $17,750,000
• Square Footage: 50,000 sf
• Price per Square Foot: $355
• Address: 4245 12th Street, Long Island City, New York
• Market: Long Island City

Cornell Realty, in joint venture with @LIVWRK and Asher Abehsera, has purchased the warehouse. The seller of the property is James Benatti and the Benatti family. The deal was facilitated by broker Itan Rahmani.