New York City · Commercial sale

Prologis-Exchange NY 2000 buys 153-44 South Conduit Avenue in Queens for $49 million

A warehouse at 153-44 South Conduit Avenue, Queens sold for $49,000,000 on September 11, 2026. See the seller and buyer net sheets for this sale.

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Automated sale report from public sales records · How we make these · Published October 27, 2026

Sold September 11, 2026 · New York, New York

Aerial view of 153-44 South Conduit Avenue, Queens with the parcel outlined — Aerial photo: U.S. Geological Survey. Parcel outline: NYC Department of Finance. The photo can predate the sale.

Sale price: $49,000,000
Sold: September 11, 2026
Property type: Warehouse
Building area: 118,906 sq ft
Price per sq ft: $412
Year built: 2022

Seller and buyer net sheets for this sale

Seller Buyer

NetSheet.orgSeptember 11, 2026

Seller's estimated net sheet

153-44 South Conduit Avenue, Queens

Sale price	$49,000,000
Prorations
Property tax proration (refund to seller)	$646,800
Title and settlement
Settlement / closing fee	$250
Seller's attorney fee	$1,500
Transfer taxes and recording
NY State real estate transfer tax	$196,000
NY State additional transfer tax (NYC non-residential $2M+)	$122,500
NYC real property transfer tax (commercial/other)	$1,286,250
Other costs
Wire / courier / payoff processing	$75
Total deductions	$1,606,575
Estimated net to seller	$48,040,225

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NetSheet.orgSeptember 11, 2026

Buyer's estimated net sheet

153-44 South Conduit Avenue, Queens

Purchase price (cash)	$49,000,000
Title and settlement
Owner's title insurance policy	$144,587.55
Settlement / closing fee	$250
Buyer's attorney fee	$2,000
Transfer taxes and recording
Deed recording fee	$250
Prorations
Reimburse seller for prepaid taxes	$646,800
Closing costs and prepaids	$793,887.55
Estimated cash to close	$49,793,887.55

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What these figures assume

No brokerage commission is shown: commissions on commercial deals vary and are not in the public record.
The seller figure is before any loan payoff.
The buyer side assumes a cash purchase with no financing.
Annual property tax estimated at 1.65% of price ($808,500).
Title and settlement fees are typical estimates, not quotes.

Selling in Queens?

New York City transfer tax and closing costs

A Queens warehouse sold for $49,000,000 on September 11, 2026. The price is 3.4 times the market value on record. The market value is $14,413,000, according to city property records.

The building has 118,906 square feet. That works out to $412 per square foot. It was built in 2022 on a 1.46-acre lot. The NYC Department of Finance provided these details.

The seller was WF Industrial VI LLC. The buyer was Prologis-Exchange NY 2000 LLC. The sale appears in the city's ACRIS system.

This summary was written by AI from public sales records and checked by automated rules. The figures come from the record and the NetSheet.org rules engine. How we make these.

What were the closing costs in New York City?

By our estimate, the seller's two largest charges, not counting prorations, were $1,286,250 for the nYC real property transfer tax (commercial/other) and $196,000 for the nY State real estate transfer tax. Who pays what follows New York City custom.

How much did the seller net?

By our estimate, the seller netted about $48,040,225. That is before any broker commissions and any loan payoff.

How much cash did the buyer bring to closing?

A cash buyer would need about $49,793,888 at closing. That covers the full price and closing costs.

Run this net sheet with your numbers (free)

153-44 South Conduit Avenue, Queens, NY.

Source: NYC Department of Finance, ACRIS (NYC Open Data), document 2026091400246001. Property details: NYC Department of Finance. Net sheets are estimates from the NetSheet.org rules engine, not the parties' actual closing statements. Request a correction or removal.