Real Estate News

132-138 Lynhurst Avenue, 93-97 Chestnut Avenue

New York City has lost millions of square feet of industrial space due to rezonings over the past decade. According to a report published by Ariel Property Advisors in 2017, the majority of these rezonings took place in Manhattan, which lost 4.54 million square feet of industrial space, and Brooklyn, which lost 4.12 million square feet. The objective of the rezonings is to encourage new residential development, as well as commercial projects. Quite obviously, this has created an increased need for industrial buildings across the boroughs, as manufacturing companies and the like are searching for spaces to run their businesses. 

As a result, Staten Island has increasingly become a preferred option to satisfy some of the unmet needs in the market as industrial space becomes scarcer across NYC.  Casandra Properties is proud to introduce four new construction warehouses to the market located in the Rosebank section of Staten Island. Each warehouse, consisting of approximately 4,000 square feet will be available for lease in January 2019. The site is located in a prime area of the North Shore of Staten Island, which is minutes from the Verrazano Bridge and Staten Island Expressway.

For more information please contact Sarah Knoblach at 718.816.7799 or visit CasandraProperties.com.