48-00 Grand Avenue

This Industrial property located in New York was sold for $51,000,000 almost 3 years ago. The brokers of the deal were Jay Gilbert and Ben Carlos Thypin

Location
4800 Grand Avenue, Maspeth, NY 11378
Sold Value
$51,000,000
$114 PPSF
Area
446,176 SF
Asset Type
Industrial
Parties
2 Brokers, 1 Agency

Agents

Agency

Social

Deal Summary:

SALE IMAGE: Hamid Moghadam DATE: 11/13/2020 ADDRESS: 48-00 Grand Avenue MARKET: Maspeth, Queens ASSET TYPE: Industrial ~ ZONING: M3-1 BUYER: Prologis - Hamid Moghadam SELLER: Family Radio BROKERS: Ben Carlos Thypin (@BThypin) & Jay Gilbert - @Quantierra_ PRICE: $51,000,000 BSF: 446,176 ~ PPBSF: $114 NOTE: @Quantierra_ sourced the property using its proprietary algorithms and worked with Family Radio to find the right purchaser that could provide Family Radio with both continuity of operations and certainty of closing within this challenging market environment. The purchaser plans to rent out the property as parking and storage. For more info, or similar deals, please contact Ben Carlos Thypin directly: 📧 Ben@Quantierra.com 📸 @Quantierra_