FINANCED
Normandy Real Estate Partners And Keystone Equities Acquire Industrial Building In Long Island City For $39.1M
25-11 49th Avenue
Office
135,000 SF
135,000 SF
Financed 1 year ago
Summary
Loan
NEW YORK
Office
135,000 sqft
The industrial building located at 25-11 49th Avenue in Long Island City, New York, has been sold in a closed transaction. The property, which has a total square footage of 135,000 square feet, underwent an office conversion. The sale price for the property was $39,100,000, resulting in a price per square foot of $222.
Summary of transaction details
- Property Type: Industrial Building > Office Conversion
- Transaction Amount: $39,100,000
- Address: 25-11 49th Avenue, Long Island City, New York
- Market: Long Island City
The property was purchased by Normandy Real Estate Partners, represented by Travis Feehan and Jonathan Zamir's Keystone Equities. The lender for the transaction was Deutsche Bank, represented by John Cryan. Dustin Stolly from Newmark Knight Frank served as the finance broker for the deal.
Players
All
3
Agents
2
Agencies
1
Details
FINANCED
IMAGE: 25-11 49th Avenue
CITY: New York
MARKET: Long Island City
ASSET TYPE: Industrial Building > Office Conversion
LANDLORD: Normandy Real Estate Partners – Travis Feehan and Jonathan Zamir’s Keystone Equities LENDER: Deutsche Bank – John Cryan
FINANCE BROKER: Newmark Knight Frank’s Dustin Stolly
LOAN AMOUNT: $81M
SALE PRICE: $39,100,000
SF: 135,000 sf PPSF: $222 […]View on map
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Address25-11 49th Avenue
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