Please bring me an industrial deal in any of the Five Boroughs. I will pay you at closing.
I like industrial properties in the five boroughs because the average toll into New York City for a 5-axle truck is $58. This creates a distinct pricing advantage for storage and distribution businesses to have it's operations located in the City. Besides, where else can you get quality food within steps of any building you go to?? Don Peppe's in South Ozone Park is still my top post-tour dinner!
Investment Type: Fee Simple, GP and LP Interests, Debt Purchase...I will also buy an operating business if it owns and occupies its own building.
Size: 20,000+ SF lot area (Preferred) 50,000+ GSF as-built building (Preferred)
Markets: All Boroughs so long as there is good parking - I specifically like the 19 IBZ zones located in Brooklyn, Queens and the Bronx.
