{"id":4261,"date":"2011-01-18T18:25:10","date_gmt":"2011-01-18T22:25:10","guid":{"rendered":"http:\/\/www.propertyshark.com\/Real-Estate-Reports\/?p=4261"},"modified":"2025-07-09T12:20:02","modified_gmt":"2025-07-09T09:20:02","slug":"u-store-it-buys-fourth-storage-facility-in-new-york","status":"publish","type":"post","link":"https:\/\/www.propertyshark.com\/Real-Estate-Reports\/2011\/01\/18\/u-store-it-buys-fourth-storage-facility-in-new-york\/","title":{"rendered":"U-Store-It Buys Fourth Storage Facility in New York"},"content":{"rendered":"

U-Store-It<\/a>, LP, the real estate company focused on ownership, operation and acquisition of storage facilities, has acquired its second storage facility in Queens and its fourth city-wide, a deed recorded last week shows.\u00a0 This brings the company’s total investments in New York to $51,150,000.<\/p>\n

The company paid $13.6 million for 11-25 Wyckoff Avenue<\/a>, a\u00a0 self-storage facility owned by one of its competitors, Manhattan-based Storage Deluxe. According to Storage Deluxe<\/a>‘s website, this industrial property has about 115,000 square feet and 1,500 self-storage units.<\/p>\n

It is the third transaction<\/a> between the two companies, after U-Store-It last year bought two storage facilities in Brooklyn and the Bronx from Storage Deluxe. The properties located at 391 Brooke Avenue, Bronx<\/a> and 2887 Atlantic Avenue in Brooklyn<\/a> were sold for a combined value of $27,500,000, our New York property records<\/a> show.<\/p>\n

The first storage facility U-Store-It bought in Queens was 122-22 Merrick Boulevard<\/a>, which the company acquired in November 2010. The purchase price was $10,850,000, almost half the price that OB Companies paid for the property in January 2007.\u00a0 It seems like a distressed sale as the property was purchased by an LLC in July 2010, prior to it being sold to U-Store-It. The LLC, Regus New York,\u00a0 appears to be associated with Wells Fargo<\/a>, the lender of the $20 million purchase of OB Companies back in 2007.<\/p>\n

\"From

From left to right: 391 Brooke Avenue, Bronx and 2887 Atlantic Avenue, Brooklyn<\/p><\/div>\n","protected":false},"excerpt":{"rendered":"

U-Store-It, LP, the real estate company focused on ownership, operation and acquisition of storage facilities, has acquired its second storage facility in Queens and its fourth city-wide, a deed recorded last week shows.\u00a0 This brings the company’s total investments in New York to $51,150,000. The company paid $13.6 million for 11-25 Wyckoff Avenue, a\u00a0 self-storage…<\/p>\n","protected":false},"author":67,"featured_media":0,"comment_status":"closed","ping_status":"open","sticky":false,"template":"","format":"standard","meta":{"_jetpack_memberships_contains_paid_content":false,"footnotes":""},"categories":[328],"tags":[342,341,340,339,343],"class_list":["post-4261","post","type-post","status-publish","format-standard","hentry","category-new-york-real-estate","tag-ob-companies","tag-storage-deluxe","tag-storage-facility-new-york","tag-u-store-it","tag-wells-fargo"],"yoast_head":"\nU-Store-It Buys Fourth Storage Facility in New York - PropertyShark Real Estate Blog<\/title>\n<meta name=\"robots\" content=\"index, follow, max-snippet:-1, max-image-preview:large, max-video-preview:-1\" \/>\n<link rel=\"canonical\" href=\"https:\/\/www.propertyshark.com\/Real-Estate-Reports\/2011\/01\/18\/u-store-it-buys-fourth-storage-facility-in-new-york\/\" \/>\n<meta property=\"og:locale\" content=\"en_US\" \/>\n<meta property=\"og:type\" content=\"article\" \/>\n<meta property=\"og:title\" content=\"U-Store-It Buys Fourth Storage Facility in New York\" \/>\n<meta property=\"og:description\" content=\"U-Store-It, LP, the real estate company focused on ownership, operation and acquisition of storage facilities, has acquired its second storage facility in Queens and its fourth city-wide, a deed recorded last week shows.\u00a0 This brings the company’s total investments in New York to $51,150,000. The company paid $13.6 million for 11-25 Wyckoff Avenue, a\u00a0 self-storage…\" \/>\n<meta property=\"og:url\" content=\"https:\/\/www.propertyshark.com\/Real-Estate-Reports\/2011\/01\/18\/u-store-it-buys-fourth-storage-facility-in-new-york\/\" \/>\n<meta property=\"og:site_name\" content=\"PropertyShark Real Estate Blog\" \/>\n<meta property=\"article:published_time\" content=\"2011-01-18T22:25:10+00:00\" \/>\n<meta property=\"article:modified_time\" content=\"2025-07-09T09:20:02+00:00\" \/>\n<meta property=\"og:image\" content=\"http:\/\/www.propertyshark.com\/Real-Estate-Reports\/wp-content\/uploads\/sites\/98\/2011\/01\/U-Store-It-New-York-Locations.jpg\" \/>\n<meta name=\"author\" content=\"PropertyShark Staff\" \/>\n<meta name=\"twitter:card\" content=\"summary_large_image\" \/>\n<meta name=\"twitter:label1\" content=\"Written by\" \/>\n\t<meta name=\"twitter:data1\" content=\"PropertyShark Staff\" \/>\n\t<meta name=\"twitter:label2\" content=\"Est. reading time\" \/>\n\t<meta name=\"twitter:data2\" content=\"1 minute\" \/>\n<!-- \/ Yoast SEO Premium plugin. -->","yoast_head_json":{"title":"U-Store-It Buys Fourth Storage Facility in New York - PropertyShark Real Estate Blog","robots":{"index":"index","follow":"follow","max-snippet":"max-snippet:-1","max-image-preview":"max-image-preview:large","max-video-preview":"max-video-preview:-1"},"canonical":"https:\/\/www.propertyshark.com\/Real-Estate-Reports\/2011\/01\/18\/u-store-it-buys-fourth-storage-facility-in-new-york\/","og_locale":"en_US","og_type":"article","og_title":"U-Store-It Buys Fourth Storage Facility in New York","og_description":"U-Store-It, LP, the real estate company focused on ownership, operation and acquisition of storage facilities, has acquired its second storage facility in Queens and its fourth city-wide, a deed recorded last week shows.\u00a0 This brings the company’s total investments in New York to $51,150,000. The company paid $13.6 million for 11-25 Wyckoff Avenue, a\u00a0 self-storage…","og_url":"https:\/\/www.propertyshark.com\/Real-Estate-Reports\/2011\/01\/18\/u-store-it-buys-fourth-storage-facility-in-new-york\/","og_site_name":"PropertyShark Real Estate Blog","article_published_time":"2011-01-18T22:25:10+00:00","article_modified_time":"2025-07-09T09:20:02+00:00","og_image":[{"url":"http:\/\/www.propertyshark.com\/Real-Estate-Reports\/wp-content\/uploads\/sites\/98\/2011\/01\/U-Store-It-New-York-Locations.jpg","type":"","width":"","height":""}],"author":"PropertyShark Staff","twitter_card":"summary_large_image","twitter_misc":{"Written by":"PropertyShark Staff","Est. reading time":"1 minute"},"schema":{"@context":"https:\/\/schema.org","@graph":[{"@type":"WebPage","@id":"https:\/\/www.propertyshark.com\/Real-Estate-Reports\/2011\/01\/18\/u-store-it-buys-fourth-storage-facility-in-new-york\/","url":"https:\/\/www.propertyshark.com\/Real-Estate-Reports\/2011\/01\/18\/u-store-it-buys-fourth-storage-facility-in-new-york\/","name":"U-Store-It Buys Fourth Storage Facility in New York - 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