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.
