You are reading

Large Queens Boulevard Building Sells for More Than $60 Million

32-02 Queens Blvd., pictured, has been sold for more than $60 million. (Photo Google Maps)

Aug. 4, 2022 By Michael Dorgan

A large 8-story building that spans half a block on Queens Boulevard in Long Island City has been sold for more than $60 million, according to Queens Post sources.

Mana Products, a major cosmetics manufacturer, has sold its 32-02 Queens Blvd. property for $61 million to Related Fund Management, a Manhattan-based real estate investment firm.

The real estate company is affiliated with Related Companies, which is the developer behind Hunter’s Point South Commons in Long Island City as well as Hudson Yards in Manhattan.

It is unclear what Related’s plans are for the 340,000-square foot building, which is known as The Packard Motor Building.

The Queens Post reached out to Related, but its representatives declined to comment. Meanwhile, Cushman & Wakefield, the brokerage firm that arranged the sale, also chose not to comment.

The building was constructed in 1931 and is situated between Van Dam Street and 32nd Place and takes up the northern half of the block. Mana had owned the property since the 1970s and still partially occupies it today.

Mana currently occupies the top half of the building, with the remaining floors leased to an array of commercial tenants.

The cosmetics company, which has another facility in Long Island City, is likely to shift its entire operation to 27-11 49th Ave. in Hunters Point.

Since 2019, Mana has been looking to move its operations to the 49th Avenue building. The company uses the 49th Avenue site to assemble, package and warehouse its goods.

The products are currently manufactured at the Queens Boulevard site and then transported to the 49th Avenue facility.

The Queens Post reached out to Mana Products for comment but has yet to receive a response.

Mana Products 49th Ave

Mana Products is likely to shift its entire operation to 27-11 49th Ave. in Hunters Point. (Google Maps)

email the author: news@queenspost.com

3 Comments

Click for Comments 
Anon

Come on, we all know what that building is going to become- unaffordable “luxury” apartments.

Reply
MRLIC

I guess this will be another Luxury Tower for the rich. When does the OVER development END ??????

Reply

Leave a Comment
Reply to this Comment

All comments are subject to moderation before being posted.

This site is protected by reCAPTCHA and the Google Privacy Policy and Terms of Service apply.

Recent News

Finding Room to Grow: NYC Apartment Buildings Designed with Families in Mind

Jul. 29, 2025 By Tara Lustberg

Finding family-friendly housing in NYC can be a challenge, especially with the average rent of a two-bedroom apartment in NYC averaging over $5,400 per month, according to apartments.com. According to reports, this is significantly higher (148%) than the national average and has increased by 7% since December 2023. But some properties offer thoughtful amenities for families, making city living seem more manageable.

Borough President recommends approval of OneLIC Neighborhood Plan with conditions

Queens Borough President Donovan Richards announced on Monday a long list of recommendations to approve the city’s OneLIC Neighborhood Plan with conditions.

The sweeping proposal entered the city’s Uniform Land Use Review Procedure (ULURP) in April, following certification by the City Planning Commission, and aims to transform a large portion of Long Island City with new zoning rules that would create nearly 14,700 housing units—including 4,300 affordable homes—alongside 14,400 jobs, over 3.5 million square feet of commercial and industrial space and expanded access to the East River waterfront.