30-02 48th Avenue ("The Bindery")

Long Island City, NY


Property Overview

Brickman acquired the fee simple interest in 30-02 48th Avenue, a flex-office and industrial Property located in Long Island City, NY. The 3-story multi-tenant building, built originally in 1926 as a light industrial warehouse and distribution facility, was 94% occupied at acquisition by a mix of publishing, light manufacturing, fashion and showroom tenants. The Property serves as a lower cost alternative to Manhattan for companies seeking large format spaces with distribution capabilities.

 

Property type: Office

Investment type: Equity

Size: 163,986 SF

Investment date: July 2013

30-02 48th Avenue