Prologis Acquires Industrial Property On Grand Avenue In Maspeth, Queens For $51M
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This Industrial property located in NY was sold for $51,000,000 over 3 years ago. The brokers of the deal were Jay Gilbert and Ben Carlos Thypin
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- Location4800 Grand Avenue, Maspeth, NY 11378
- Sale Price$51,000,000$114 PPSF
- Area446,176 SF
- Asset TypeIndustrial
- Parties2 Brokers, 1 Agency
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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:
📧 [email protected]
📸 @Quantierra_
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48-00 Grand Avenue
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