Himmel & Meringoff snaps up LIC warehouse for $25M

Firm owns another warehouse nearby

TRD New York /
Jun.June 15, 2017 05:45 PM

Himmel & Meringoff Properties TRData LogoTINY has scooped up a 127,000-square-foot office and warehouse building in Long Island City for $25 million.

The firm just purchased 21-07 41st Avenue from Daniel Geoly, Crain’s reported. Leslie Himmel, co-managing partner at Himmel & Meringoff, told the website that the building will likely lure tech and science tenants once the nearby Cornell Tech campus opens on Roosevelt Island.

The deal expands the firm’s Queens portfolio, which includes a 200,000-square-foot building at 34-02 Queens Boulevard that the company bought in 1986.

“People always ask me, ‘how did you know to buy in Long Island City in the 1980s?’,” Himmel said. “We like to buy in emerging neighborhoods that we believe have upside.”

Most of the building is already leased up, but the firm is looking for tenant(s) to fill the 11,000 square feet of retail space available on the ground floor. [Crain’s] — Kathryn Brenzel

(To view more commercial sales transactions in Long Island City, click here)


Related Articles

arrow_forward_ios
28 Liberty Street (Wikipedia)

Manhattan’s office leasing sees busiest month since January

Manhattan’s office leasing sees busiest month since January
Maison Kayser (Photo via Tools of Men via Flickr)

Maison Kayser may bid New York adieu

Maison Kayser may bid New York adieu
Newmark’s Brian Waterman with 7 Hanover Square (Google Maps, Twitter)

Newmark nabs REBNY prize for deal with NYC Health + Hospitals

Newmark nabs REBNY prize for deal with NYC Health + Hospitals
The legislation from a City Council member introduced a bill to temporarily repeal the commercial rent tax for businesses during the Covid-19 state of emergency. (Getty, iStock)

Commercial rent tax cut introduced in City Council

Commercial rent tax cut introduced in City Council
Michael Rudder, James Nelson, 141 Wooster Street and 633 Third Avenue (Google Maps)

The Outlook: Industry experts break down Manhattan’s office condo market

The Outlook: Industry experts break down Manhattan’s office condo market
Peter Nicoletti and Colliers' David Amsterdam

Colliers taps JLL’s Peter Nicoletti to lead capital markets

Colliers taps JLL’s Peter Nicoletti to lead capital markets
City Council member Keith Powers (Getty)

Pol, biz groups: Suspend rent tax, extend outdoor dining

Pol, biz groups: Suspend rent tax, extend outdoor dining
Only 9 percent of workers had returned to Midtown and 8 percent to Downtown. (iStock)

Where is everybody? City workers still home

Where is everybody? City workers still home
arrow_forward_ios

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

Loading...