Manufacturing

43-01 22nd Street

New Owners Plan Partial Office Conversion at Six-Story, 225,000-Square-Foot Industrial Property, 43-01 22nd Street, Long Island City

Back in May, Olmstead Properties and Newmark Holdings entered into contract to purchase the six-story, 225,000-square-foot manufacturing building at 43-01 22nd Street, located on the corners of 43rd and 44th avenues in the heart of Long Island City. The duo have now closed on the purchase for $61 million, Commercial Observer reported. They plan to convert the structure into office space, although roughly two-thirds of the property is currently leased to Reis Studios. The vacant portions are expected to be converted soon, but it’s not known when the currently leased space will get the conversion. Upgrades to the building will include a redesigned lobby, new windows and façade elements, and new mechanical infrastructure such as elevators.


455-459 Smith Street

Developer in Contract to Acquire Commercial Site at 455-459 Smith Street, Gowanus

Property Markets Group is in contract to purchase the vacant 166,000-square-foot property at 455-459 Smith Street, in Gowanus, for roughly $50 million, DNAinfo reported. The site – bound by Huntington Street to the south, Smith Street to the west, Fifth Street to the north, and the Gowanus Canal to the east – is zoned for manufacturing. It can support 332,000 square feet of commercial development as-of-right in the form of offices, hotels, retail, and manufacturing/industrial space. The eventual new owner is mulling the idea of building a mixed-use development with a hotel, offices, and retail space, although development plans are in very early stages. The site, once home the Citizens Manufactured Gas Plant, is currently undergoing a remediation headed by National Grid. The plant’s last warehouse structure was demolished years ago. The Smith-Ninth Streets stop on the F and G trains is located a block to the south.



325 Calyer Street

Four-Story, 37,000-Square-Foot Manufacturing-Medical Building Filed at 325 Calyer Street, Greenpoint

Brooklyn-based property owner Anthony Wala has filed applications to expand the single-story manufacturing warehouse at 325 Calyer Street, in Greenpoint, into a four-story, 36,894-square-foot mixed-use commercial structure. Manufacturing space, making up 18,894 square feet, would be located on the ground, mezzanine, and second floors. Medical office space, totaling 18,000 square feet, would be located on the third and fourth floors. There would also be a 60-car garage on the ground floor. Jeffrey L. Kamen’s NoHo-based architectural firm is the architect of record. The 18,894-square-foot, block-thru lot is located eight blocks from the Greenpoint Avenue stop on the G train. The filings come on the heels of plans for a six-story, car repair-office building at 305 Calyer Street.


749 East 43rd Street

Two-Story, 27,000-Square-Foot Manufacturing Building Planned at 749 East 43rd Street, East Flatbush

Brooklyn-based property owner Albert Faks has filed applications for a two-story, 27,381-square-foot commercial warehouse at 749 East 43rd Street, in southern East Flatbush, located 14 blocks from the Flatbush Avenue-Brooklyn College stop on the 2 and 5 trains. The facility will host food products manufacturing space on the ground floor, and accessory office and storage space on the second floor, according to the Schedule A. The 30-foot-tall structure will rise on a 27,500-square-foot plot currently partially occupied by a single-story warehouse. Permitsto to raze the existing building haven’t been filed yet, which means the new structure will probably rise on the vacant southern portion of the property. Brooklyn-based Felix Pustylnik is the applicant of record.


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