Seagis Snags 80 KSF Industrial Asset in Queens

5700 49th Place in Queens has changed hands. The nearly 80,000-square-foot warehouse will benefit from a comprehensive rehabilitation program.

Seagis Property Group has expanded its New York portfolio with the acquisition of a 79,920-square-foot warehouse in the Maspeth submarket of Queens. DY Realty Services procured the buyer and will be listing the property for lease.

The asset is located at 5700 49th Place, about one mile from the Brooklyn-Queens Expressway. Manhattan is also easily accessible via the Williamsburg Bridge and the Queens-Midtown Tunnel. According to Crain’s New York Business, the warehouse was purchased from a longtime owner—the operator of a medical-supply family business—and features an on-site parking lot…

Seagis Snags 80 KSF Industrial Asset in Queens


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