REAL ESTATE
Coca-Cola Maspeth plant sold to Home Depot for $63 million
BY ANTHONY GIUDICE
agiudice@qns.com
@A_GiudiceReport
Th e owner of the Coca-Cola bottling
plant in Maspeth has popped the top on
a deal and sold the 7.3-acre site at 59-02
Borden Ave. to Home Depot for $63 million
Sales in Queens HOMES COOPS CONDOS Listings and photos courtesy MLSLI
NORTHEAST NORTHWEST SOUTHEAST SOUTHWEST
BEECHHURST LONG ISLAND CITY JAMAICA FOREST HILLS
Under $500,000
42-11 Kissena Blvd., Flushing
$458,000
Co-op
2 bedrooms, 1 bathroom
Shirley Chen
AAA Young Shuen Realty
$500,000-900,000
25-53 126th St., College Point
$889,000
1-family home
3 bedrooms, 2 bathrooms
Annie Chan-Ock
East Coast Realtors
Over $900,000
6-18 159th St., Beechhurst
$1,388,000
1-family contemporary
4 bedrooms, 3 bathrooms
Yong Zeng
E Realty International Corp
Under $500,000
34-43 60th St., Woodside
$459,000
Co-op
2 bedrooms, 1 bathroom
Paola Maria Alvarez
Century Homes Realty Group
$500,000-900,000
23-25 31st Ave., Long Island City
$699,000
Condo
1 bedroom, 1 bathroom
Pantelis Klappas
Alexiou Realty
Over $900,000
14-35 33rd Road, Astoria
$1,300,000
2-family townhouse
5 bedrooms, 3 bathrooms
Violetta Chmielewski
Exit Realty One
Under $500,000
167-11 144th Terrace, Jamaica
$399,000
1-family home
3 bedrooms, 2 bathrooms
Navin Sookra
Prestige Homes
$500,000-900,000
194-44 115th Drive, St. Albans
$749,000
2-family home
5 bedrooms, 4 bathrooms
Off ered by
Royal Realty Group Inc
Over $900,000
186-33 Grand Central Pkwy., Jamaica Estates
$969,000
1-family Colonial
3 bedrooms, 1 ½ bathrooms
Viktoriya Kalendarev
Exit Realty First Choice
Under $500,000
104-53 Atlantic Ave., Richmond Hill
$475,000
1-family Colonial
3 bedrooms, 2 ½ bathrooms
Maria Castillo
Castillo Home Sales
$500,000-900,000
91-01 98th St., Woodhaven
$788,000
2-family contemporary
2 bedrooms, 2 ½ bathrooms
Kammy Xiao Nguyen
Keller Williams Landmark II
Over $900,000
111-25 78th Ave., Forest Hills
$1,788,000
1-family Colonial
4 bedrooms, 2 full-baths, 2 half-baths
Aaron Ram
City Square Realty
dollars.
According to Th e Real Deal, Home
Depot will now look into either keeping
the 202,000-square-foot plant and refi tting
it to become one of their box stores,
or constructing a brand-new, smaller,
building — between 100,000 to 130,000
square feet — on the site to conduct their
operations.
Property owner Kaymac Corp. put the
site on sale for more than $70 million
back in April, before closing on the deal
with Home Depot earlier this week.
Coca-Cola confi rmed the sale of the
bottling plant in a statement.
“The production facility Coca-
Cola Refreshments currently leases in
Maspeth has been sold by the building’s
owner, Kaymac Corporation,” said
Francis McGorry, president, Tri-State
Metro Operating Unit at Coca-Cola
Refreshments. “Coca-Cola has a proud
history in Maspeth and a longstanding
commitment to New York City. We
look forward to continuing to operate
in New York and are evaluating our
options to ensure we continue to provide
world-class service to our customers
and the people who enjoy our beverages.”
Th e immediate future of the bottling
plant, however, is unclear.
Th e building is currently triple-netleased
to Coca-Cola until March 2020,
but the new owners may want to move in
before that time.
A spokesperson for Coca-Cola said that
it will be “business as usual” for the bottling
plant and its 118 employees until a
decision is made.
Photo via Google Maps
The Coca-Cola bottling plant in Maspeth has been sold to Home Depot for $63 million.
