New York, NY – June 27, 2018 – Cushman & Wakefield announced today that the firm has arranged the sale of 43-05 35th Street, a two-story warehouse that will be delivered vacant, located in Long Island City. The final closing price was $5.1 million, equating $526 per square foot, a record price per square foot for this type of industrial property.
A Cushman & Wakefield brokerage team consisting of Senior Managing Director Stephen R. Preuss and Senior Associate Andreas Efthymiou led the marketing efforts on behalf of the seller, Ehrenbell Realty Corp. The property was purchased by Skytron Holdings, LLC, who was represented by Greiner-Maltz.
“43-05 35th Street is ideal for various industrial uses and storage,” said Stephen R. Preuss of Cushman & Wakefield. “The buyer obtained an opportunity to capitalize on the increasing demand for true warehouse space in the New York City area.”
43-05 35th Street is an 9,700-square-foot, two-story warehouse located on an 8,500 square-foot lot. The building is made up of warehouse, office and mezzanine space, and features a conference room on the first floor, 19-foot ceiling heights and two roll-up gates. The lot also features up to a maximum 55,250 buildable square-feet.
Located on the east side of 35th Street between 43rd Avenue and Queens Boulevard, the property is easily accessible by the 33 St- Rawson St MTA Station offering service to the 7 train.
About Cushman & Wakefield
Cushman & Wakefield is a leading global real estate services firm that delivers exceptional value by putting ideas into action for real estate occupiers and owners. Cushman & Wakefield is among the largest real estate services firms with 48,000 employees in approximately 400 offices and 70 countries. In 2017, the firm had revenue of $6.9 billion across core services of property, facilities and project management, leasing, capital markets, advisory and other services. To learn more, visit www.cushmanwakefield.com or follow @CushWake on Twitter.