Location of 13 parcels acquired by Silverstein Properties (Google Maps)
March 8, 2019, By Meghan Sackman
A large Manhattan-based real estate company is buying six properties in an industrial section of Astoria, near 35th Avenue, according to city records.
Silverstein Properties, owned by real estate magnate Larry Silverstein, signed contracts in December and February to purchase the properties all located within a three block radius bound by Steinway Street and 35th Avenue.
The company has not disclosed what its plans to do with its newly-acquired parcels. Meanwhile, the contract agreements do not list the purchase price or the effective closing dates.
The parcels are located in area that consists of industrial buildings and warehouses. All but one of the parcels, located in a zone referred to as M1-1, are zoned for light industrial uses such as low rise storage facilities or wholesale stores.
Silverstein Properties already has a big presence in this section of Astoria. Last May, it entered into a deal to lease seven parcels from Queensboro Farm Products, a distributor of dairy products.
With the latest flurry of deals, the firm will have control of 13 parcels in that area, which comprise of a total of 182,890 square feet of property.
The first contract was signed between Silverstein Properties and Mayer Malbin, a plumbing supply distributor, for properties located at 35-42 41st Street, 35-33 41st Street and 35-45 41st Street.
Silverstein then secured the property located at 42-11 Northern Boulevard, currently occupied by a Harley Davidson sales and service location.
The remaining properties, both pertaining to a single warehouse, include at 35-10 43rd Street, and 35-18 43rd Street from Alfess Realty.
Silverstein has yet to respond for comment.
