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Sunnyside Manufacturer Wants $65 Million for Warehouse

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Mana Products—a Queens-based cosmetics manufacturer—has just put its 215,000-square-foot warehouse in Sunnyside on the market, and The Real Deal reports that they're asking $65 million.

The warehouse/distribution facility is located on a 2.5 acre lot at 27-11 49th Avenue, directly adjacent to the Dutch Kills tributary of Newtown Creek. It currently has 75 parking spaces and 21' ceilings, though Joe Ibrahim and George Raftis of Right Time Realty are apparently marketing the site as an office conversion. The warehouse is also located just a few blocks away from Sunnyside Yards, the proposed site of a controversial new megaproject.

Mana Products has owned the property since 2003, when it paid around $10 million.
· Cosmetics maker asking $65M for Sunnyside warehouse [TRD]