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Prologis Acquires Industrial Properties In Flushing For $48.2M

57-00 47th Street, 58-20 47th Street, 57-05 47th Street & 57-57 47th Street
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This Industrial property located in NY was sold for $48,200,000 about 2 years ago. The brokers of the deal were Jonathan Birnbaum, David Schechtman, Lipa Lieberman, and Abie Kassin

The industrial properties located at 57-00 47th St., 58-20 47th St., 57-05 47th St., and 57-57 47th St. in Flushing have been sold in a recent transaction. The sale was facilitated by David Schechtman, Abie Kassin, Jonathan Birnbaum, and Lipa Lieberman from Meridian Investment Sales.

Summary of transaction details:

  • Property Type: Industrial
  • Transaction Amount: $48,200,000
  • Square Footage: 167,570
  • Price Per Square Foot: $287

Prologis, the buyer in this deal, acquired these industrial properties from Pebble Lane Associates. The transaction took place on December 30, 2021.

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Deals
  • Location
    57-00 47th Street, Queens, New York 11378, United States57-00 47th Street, Queens, New York 11378, United States
  • Sale Price
    $48,200,000$48,200,000
    $287 PPSF$287 PPSF
  • Area
    167,570 SF167,570 SF
  • Asset Type
    IndustrialIndustrial
  • Parties
    4 Brokers, 1 Agency4 Brokers, 1 Agency

Agents

Jonathan Birnbaum

Jonathan Birnbaum

Deals2
Sold$57.7M

Agency

Meridian Capital Group

Meridian Capital Group

Agency
Deals2414
Volume$65.9B

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Deal Summary

SALE IMAGE: David Schechtman & Jonathan Birnbaum DATE: 12/30/2021 ADDRESS: 57-00 47th St., 58-20 47th St., 57-05 47th St. & 57-57 47th St. MARKET: Flushing ASSET TYPE: Industrial BUYER: Prologis SELLER: Pebble Lane Associates BROKERS: David Schechtman, Abie Kassin, Jonathan Birnbaum & Lipa Lieberman - Meridian Investment Sales SALE PRICE: $48,200,000 SF: 167,570 ~ PPSF: $287

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57-00 47th Street, 58-20 47th Street, 57-05 47th Street & 57-57 47th Street

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