Family Radio has used the Maspeth site for its radio towers, and the firm will continue to use it for that purpose as it moves its New York operations to a different location. It purchased the site in 2015 for about $5.1 million from Radio Disney, which had purchased it in 2007 for about $3.3 million from the New York Times Radio Co., records show.
Representatives for Family Radio did not respond to requests for comment.
The property is close to 18-51 Flushing Ave., an industrial property that Prologis bought in January from Frito-Lay for $37.6 million.
The logistic giant’s Maspeth purchase appears to be yet another sign of strength for industrial properties, the one sector of New York real estate that has held up fairly well during the Covid-19 pandemic. Leasing activity in the sector surged by more than 70% during the third quarter, and its availability