Storage Deluxe inks $14M deal in Flushing

New York /
Oct.October 04, 2012 11:30 AM

Storage Deluxe, which bills itself as “New York City’s walk-in closet,”  is expanding to Flushing. The company purchased a 96,000-square-foot building for S14.3 million in an off-market deal, Crain’s reported.

The Manhattan-based storage company plans to develop, manage and lease the facility in-house and as it transforms the site, located at 41-06 Delong Street, into a seven-story mixed-use complex that will include 160,000 square feet of storage, 26,000
square feet of retail and a 7,350 square foot commercial rental building, Harvest International broker Theo Kontis told Crain’s.

Long Island-based Harvest International represented both the buyer and the seller: the Delong Realty Company, in the transaction. Explaining why Delong decided to sell, Kontis told Crain’s,”They were ready to move on.The building needed some significant work and it just made sense for them to sell to a developer.”

Storage Deluxe plans to demolish the existing building and start construction in November. [Crain’s]Christopher Cameron


Related Articles

arrow_forward_ios
(Image by Wolfgang & Hite via Dezeen)
Hudson Yards megadevelopment inspires a new line of sex toys
Hudson Yards megadevelopment inspires a new line of sex toys
Cammeby's International Group founder Rubin Schron and, from top: 194-05 67th Avenue, 189-15 73rd Avenue and 64-05 186th Lane (Credit: Google Maps)
Ruby Schron lands $500M refi for sprawling Queens apartment portfolio
Ruby Schron lands $500M refi for sprawling Queens apartment portfolio
Wendy Silverstein (Credit: Getty Images)
Wendy Silverstein, co-head of WeWork’s real-estate fund, is out
Wendy Silverstein, co-head of WeWork’s real-estate fund, is out
RGB chair David Reiss (iStock, Brooklyn Law)
City board casts preliminary vote in favor of rent hike
City board casts preliminary vote in favor of rent hike
Tommy Hilfiger and Grant Cardone with 605 Ocean Boulevard (Getty)
Tommy Hilfiger selling waterfront South Florida mansion to Grant Cardone for $28M: sources
Tommy Hilfiger selling waterfront South Florida mansion to Grant Cardone for $28M: sources
SL Green’s director of leasing Steve Durels and One Vanderbilt. (SL Green, One Vanderbilt)
SL Green to offer flex offices at One Vanderbilt
SL Green to offer flex offices at One Vanderbilt
Phil Spector and 1700 Grand View Drive (Getty, Redfin)
Phil Spector’s infamous Alhambra mansion sells
Phil Spector’s infamous Alhambra mansion sells
Katie Kurtz and Silverstein Properties chairman Larry Silverstein (Silverstein, Getty)
Silverstein Properties hires Katie Kurtz as new CFO
Silverstein Properties hires Katie Kurtz as new CFO
arrow_forward_ios

The Deal's newsletters give you the latest scoops, fresh headlines, marketing data, and things to know within the industry.

Loading...