Seagis Property Group lands prime warehouse in Long Island City—What this means for NYC logistics

Seagis Property Group (“Seagis”) has announced the acquisition of a significant warehouse facility located at 48-55 36th Street in Long Island City, New York. The newly acquired property spans 10,033 square feet and is situated on a 15,000 square foot parcel in the Long Island City submarket of Queens. This strategic acquisition enhances Seagis’s expanding portfolio in New York City’s boroughs.

The warehouse’s prime location offers direct access to Manhattan, positioned just half a mile from the junction of the Long Island Expressway and the Brooklyn-Queens Expressway. This accessibility is expected to be a key factor in meeting the high demand for functional warehouse space in the area. The acquisition was completed from a private owner, with Tomas Shleiwet of Greiner-Maltz representing both parties in the transaction.

Strategic Investment Aligned with Seagis’s Growth Plans

Brian Tozer, Vice President of Seagis Property Group, expressed enthusiasm about the acquisition, noting, “We are excited to add this Long Island City warehouse into our growing New York City Boroughs portfolio. This location provides excellent accessibility into Manhattan while the property’s building-to-land ratio is ideal for the type of tenant demand that we see in the Boroughs.” The property includes a 10,033 square foot single-tenant building and 5,000 square feet of secured off-street parking—a highly sought-after feature in the Long Island City area.

This acquisition marks Seagis’s first investment in the Long Island City submarket and increases the company’s New York City Boroughs portfolio to 1.3 million square feet across 61 properties. Seagis Property Group, a privately held real estate owner, focuses on acquiring and developing industrial properties in key global logistics hubs along the Eastern Seaboard. Founded in 2005 and headquartered in Conshohocken, Pennsylvania, the company’s extensive portfolio includes 190 buildings spanning 12 million square feet across New Jersey, New York City, and South Florida.

Expansion Strategy and Future Outlook

Seagis’s acquisition aligns with its investment strategy to secure well-located, functional warehouses that cater to service and distribution needs throughout New York City. The company continues to seek investment opportunities to further expand its presence in the boroughs and other strategic locations.