SELF STORAGE COMPANY BUYS VACANT PROPERTY FOR $6.1M

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NEW YORK CITY — Tuck It Away/Rising Development Astoria LLC has acquired a vacant, seven-story building at 37-19 Crescent St. in Long Island City for $6.1 million. The 47,000-square-foot building has sat vacant since its construction in 2008. The property was built for usage as a self-storage facility and includes two loading docks, a heavy duty elevator and climate control system. Alan Shmaruk and Michael Sherman of Manhattes Group represented the seller, 19 Crescent Corp., in the transaction. They also represented the buyer, a self storage company.

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