SOLD
Metropolitan Realty Associates And Morgan Stanley Real Estate Acquire Long Island City Industrial Property For $105.5M
27-11 49th Avenue
Industrial
220,000 SF
220,000 SF
Sold 1 year ago
Summary
Sale
NEW YORK
Industrial
220,000 sqft
An industrial property located at 27-11 49th Avenue in Long Island City has been sold for a transaction amount of $105,500,000. The property spans 220,000 square feet, resulting in a price per square foot of $479. The sale took place on 06/07/2022.
Summary of transaction details
- Property Type: Industrial
- Transaction Amount: $105,500,000
- Address: 27-11 49th Avenue, Long Island City
- Market: Long Island City
The buyer of the property is Metropolitan Realty Associates, represented by Joseph Farkas, along with Morgan Stanley Real Estate, represented by Michael Givner. The seller is Traub Capital, represented by Brian Crosby and Mana Products. The seller's representatives in the deal are Doug Middleton and Will Pike from CBRE.
Players
All
3
Agents
2
Agencies
1
Details
SOLD
IMAGE: Doug Middleton, Joseph Farkas, Brian Crosby & Will Pike
DATE: 06/07/2022
ADDRESS: 27-11 49th Avenue
MARKET: Long Island City
ASSET TYPE: Industrial
BUYER: Metropolitan Realty Associates - Joseph Farkas & Morgan Stanley Real Estate (@Morgan.Stanley) - Michael Givner
SELLER: Traub Capital - Brian Crosby & Mana Products
SELLER’S REP: Doug Middleton & Will Pike - CBRE (@CBRE)
SALE PRICE: $105,500,000
SF: 220,000 ~ PPSF: $479View on map
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Address27-11 49th Avenue
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