LIC warehouse that sold for $55M last year just traded for $72M

How hot is last-mile space in Queens? Metropolitan Realty Associates and TH Real Estate just made a tidy profit on the sale of a Long Island warehouse they bought in winter of 2017. The property at 48-49 35th Street sold for $72 million, Commercial Observer reported. The buyer is North River Company. The sellers bought the property for $55 million in February of 2017. The 246,000-square-foot building was built in 1949 and previously housed clothing … Continue reading LIC warehouse that sold for $55M last year just traded for $72M