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Sunnyside Warehouse for Sale at $65 Million, 27-11 49th Avenue


The 215,000 square-foot property at 27-11 49th Avenue is Sunnyside is on sale with an asking price of $65 million.

This Sunnyside warehouse sits on a 2.5-acre property, which has been used for the manufacturing of cosmetic products. This three-story storage and distribution facility has been used as such since 2003, having paid nearly $10 million to date.

The property, located at 27-11 49th Avenue near the 27th Street has 75 parking spaces with 21-foot ceiling heights at the building.

Joe Ibrahim of Right Time Realty, along with George Raftis, has been marketing the building as a potential office conversion at the moment.

A Long-Island based company, Mana, which has been founded in 1977, is wanting to sell this property for the acquisition and development of an even larger site to house a new facility, according to Ibrahim.

Along the same neighborhood, Lloyd Goldman’s BLDG Management shelled out $40.7 million for a 322,000-square-foot warehouse at 47-25 34th Street in 2013.