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A blog for breaking sales and neighborhood real estate news.

An industrial building at 11-26 46th Road, located between 11th and 21st Streets in Long Island City, Queens, was sold in an all cash transaction valued at $1,900,000.

The single-story building is approximately 7,500 square feet and sits on a 75’ x 100’ lot.  The building is fully sprinklered, has one overhead roll-up door and loading dock as well as 16’ high ceilings. The property is located steps from the G train and two blocks from the E and 7 trains. The building was delivered vacant.  

“The buyer, an art gallery relocating from Manhattan, paid just over $250 per square foot which represented a 25% premium over market value on a per square foot basis,” said Massey Knakal First Vice President of Sales Al Holloman who exclusively handled this transaction.

Click here for press release

Neighborhoods: Long Island City