SOLD
Blackstone Acquires Industrial Properties In Long Island City For $37.5M
31-30 Hunters Point Avenue, 31-35 Borden Avenue, 49-33 31st Place
Industrial
108,000 SF
108,000 SF
Sold 1 year ago
Summary
Sale
NEW YORK
Industrial
108,000 sqft
Located in Long Island City, the industrial property at 31-30 Hunters Point Ave, 31-35 Borden Ave, and 49-33 31st Place has been sold in a closed transaction. The property spans approximately 108,000 square feet and is situated in a bustling market.
Summary of transaction details
- Property Type: Industrial
- Transaction Amount: $37,500,000
- Address: 31-30 Hunters Point Ave, 31-35 Borden Ave, 49-33 31st Place
- Market: Long Island City
The buyer of this property is Blackstone, a renowned real estate firm. The seller, on the other hand, is The Deutsch Family. The successful deal was facilitated by brokers Yehuda Goltche and Itan Rahmani from the Marksmen Group and VCPRE. Their dedication and expertise played a key role in finalizing the transaction.
It's worth noting that this deal was tracked by VCPRE for several years and eventually closed off-market at an attractive basis for Blackstone. Their commitment to their client base is evident in their ability to deliver favorable outcomes. If you have specific real estate needs, VCPRE is ready to go the extra mile to fulfill them.
Players
All
3
Agents
2
Agencies
1
Details
SOLD
IMAGE: Kenneth Caplan, Yehuda Goltche, Stephen A. Schwarzman, Itan Rahmani, Jonathan Gray & Kathleen McCarthy
DATE: 06/03/2021
ADDRESS: 31-30 Hunters Point Ave, 31-35 Borden Ave, 49-33 31st Place
MARKET: Long Island City
ASSET TYPE: Industrial
BUYER: @Blackstone
SELLER: The Deutsch Family
BROKERS: Yehuda Goltche & Itan Rahmani @MarksmenGroup @VCPRE
SALE PRICE: $37,500,000
SF: 108,000 ~ PPSF: $347
NOTE FROM @VCPRE: After being marketed in the low $50M range several years ago, @VCPRE tracked the deal and was able deliver it at an attractive basis for Blackstone off-market. We stay on our deals and are loyal to our client base, Please let us know if you have any specific needs we can go hunt for!View on map
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Address31-30 Hunters Point Avenue, 31-35 Borden Avenue, 49-33 31st Place
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