Alexandria Real Estate Equities Acquires Single Story Warehouse In Long Island City, Queens For $25M
47-50 30th Street
52,500 SF
Summary
A single-story warehouse with air rights located at 47-50 30th Street in Long Island City, Queens has been sold for a price of $25,000,000. The property spans a total of 52,500 square feet, with a price per square foot of $476. Additionally, the building has a total buildable square footage of 112,200, resulting in a price per buildable square foot of $223. The property is zoned as M3-2, which designates it for manufacturing purposes.
Summary of transaction details
- Property Type: Single Story Warehouse With Air Rights (Opportunity Zone)
- Transaction Amount: $25,000,000
- Price per Square Foot: $476
- Square Footage: 52,500
- Price per Buildable Square Foot: $223
- Buildable Square Footage: 112,200
- Zoning: M3-2
The seller of the property is Robert Adler. On the other side of the transaction, the buyer is Alexandria Real Estate Equities, a prominent player in the real estate industry. The deal was facilitated by the following individuals: Stephen R. Preuss, Cindi Adler, Andreas Efthymiou, Jason Trembicki, and Josh King. They represented their respective parties in the transaction, assisting in the successful sale of the warehouse.
Players
All
7
Agents
5
Agencies
2
Details
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