55-30 46th Street Update 09/24/21

Queens Logistics Facility Sells for $57.25M

A 2-story industrial building at 55-30 46th Street in Maspeth, Queens has just sold for $57.25 million. EverWest Real Estate Investors purchased the 70,500 square foot logistics facility from Wharton Equity Partners, which has maintained ownership of the property since August of 1991. The building was built in 1961 and is currently home to a number of food distributors. The nearly 3-acre property has 24 commercial parking spaces, and the structure has high clearance doors installed to allow delivery trucks to enter the inside of the building. This is EverWest's second industrial purchase in a matter of weeks, and the firm paid all cash for the transaction.

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