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Acquisitions

North River Company buys 48-49 35th Street

Industrial is the wave of the future

48-49 35th Street (Credit: Metropolitan Realty Associates)

North River Company has acquired 48-49 35th Street in LIC from Metropolitan Realty Associates and TH Real Estate for $72 million. The three-story warehouse spans 246,000 square feet.

Worth Noting: North River’s Christopher Flagg said in a prepared statement that the company plans to continue leasing the space to industrial tenants.

Flashback: The partnership paid $55 million for the property in 2017.

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