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151-11 6th Road
SOLD

Uri Mermelstein & Joe Yushuvayev Acquire Industrial Property In Whitestone For $12.5M

151-11 6th Road

Industrial
2,284 SF
clock iconSold 1 year ago
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Summary

Sale
NEW YORK
Industrial
2,284 sqft

An industrial property located at 151-11 6th Road in Whitestone, NY has been sold in a closed transaction. The property is a 4.6-acre industrial outdoor storage assemblage, including 1.5 acres of riparian water rights. The sale price for this transaction was $12,500,000, with a total square footage of 200,376. The price per square foot (PPSF) was $62. The property offers short-term tenancy with significant upside potential. The investment community has shown a strong and unrelenting desire for properties in the industrial outdoor storage sector.

Summary of transaction details

  • Property Type: Industrial
  • Transaction Amount: $12,500,000
  • Square Footage: 200,376
  • Address: 151-11 6th Road, Whitestone, NY
  • Market: Whitestone

The buyer for this transaction was Uri Mermelstein and Joe Yushuvayev. They were represented by broker Brian Sarath from Cushman & Wakefield. The seller was Donna Marie Korth. The deal was closed on 02/03/2023. To discuss this transaction or other opportunities, you can contact Brian Sarath at [email protected] or 718-215-1500.

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Brian Sarath's profile picture
Brian Sarath
Cushman & Wakefield-image
Executive Director
$125.2M Sold
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Cushman & Wakefield
Cushman & Wakefield

Details

Deal Summary
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SOLD
IMAGE: Uri Mermelstein, Joe Yushuvayev & Brian Sarath DATE: 02/03/2023 ADDRESS: 151-11 6th Road MARKET: Whitestone ASSET TYPE: Industrial BUYER: Uri Mermelstein (@UriMermelstein), Joe Yushuvayev (@Joseph_Yushuvayev) SELLER: Donna Marie Korth BROKERS: Brian Sarath (@SarathSellsQueens) - Cushman & Wakefield (@CushWake) SALE PRICE: $12,500,000 SF: 200,376 ~ PPSF: $62 NOTE: CLOSED: 151-11 6th Road, Whitestone NY • Sales Price: $12,500,000 • -4.6 Acre Industrial Outdoor Storage Assemblage -Includes 1.5 Acres of Riparian Water Rights -All Short Term Tenancy w/ Tremendous Upside Potential -The Investment Community Continues to Have a Strong and Unrelenting Desire for the IOS Sector • To discuss this deal, and other opportunities or for a Complimentary Broker Opinion of Value Contact- [email protected] / 718-215-1500 &Wakefield

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Address151-11 6th Road

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