Fly E-Bike — a manufacturer of electric bikes, scooters, moped and motorbikes — is establishing a presence in Maspeth, Queens.
The company signed a five-year, 52,000-square-foot lease to open a warehouse at The Davis Companies’ 58-30 Grand Avenue, Crain’s New York Business first reported.
The asking rent was unclear but Queens saw an average asking rent of $26.33 per square foot for industrial space in the fourth quarter of 2023, according to a Cushman & Wakefield report.
C&W’s Joseph Hentze, Joshua Kleinberg, Helen Paul, Rico Murtha, Gurpreet “Sonny” Singh and Amanda Gerhardt represented The Davis Companies in the deal while Pinnacle Realty handled negotiations on behalf of Fly E-Bike.
Names of the Pinnacle brokers were not disclosed, and spokespeople for C&W and Pinnacle did not immediately respond to requests for comment.
Constructed in 1930, the building has a total of 156,792 square feet and sits at the corner of Grand Avenue and Rust Street.
Fly E-Bike was established in 2018 and has picked up a lot of momentum as it has grown to at least 40 retail locations throughout the tri-state area as well as Maryland and Pennsylvania, including four in Queens.
While the components for its products are fabricated in China, Fly E-Bike’s vehicles, which cater to food delivery workers, are assembled in warehouses in the United States, according to the company’s website.
6 comments:
All I want to know is - how much is their fire insurance?
Bartenders like Sandy provide excellent advice. Did anyone ask her ?
Blind dumb sheep love stupidity, and EV cars, E bikes and EV trucks are the very definition of. The filthiest autos on the planet. Of course the sheep think the power comes from the magic wall! No, sheep, it comes from coal and nat gas, and the battery development and disposal along with the filthy lithium mining make these vehicles far worse for the environment than gas powered cars along with a multitude of other negatives. On top of that, they don't work in the winter and would collapse our power grid if we had many more of them. Nat gas should have been the fuel of the future. It's clean burning and we have it in great supply. THIS mess is what you have when big power socialist government takes over business and forces the issue picking winners and losers. Government always picks losers.
Eat more beans. America needs the gas ....!
Because what could go wrong?
Great news for Maspeth.
I'm sure the local communists will complain about e-bikes, but who cares.
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