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Storage Deluxe Acquires 2 New York City Properties, Plans to Develop Them Into Self-Storage


New York City-based Storage Deluxe, an owner, developer and manager of self-storage properties, revealed last week it acquired two properties, one in Brooklyn and one in Queens, and plans to turn them into self-storage facilities.

The Brooklyn site, home of the former four-story Jewish Press Building, will become a 1,450-unit facility covering 84,000 square feet. The Queens site, specifically in the neighborhood Long Island City, will become a 1,450-unit facility covering 80,000 square feet. The Queens project will begin from scratch and result in a brand-new building. The two new locations are slated to open in early 2012.

In December 2010, Storage Deluxe opened a 1,250-unit, 80,000-square-foot facility in the College Point, Queens, neighborhood. The four-story facility is adjacent to a Home Depot parking lot.

“Storage Deluxe continues to be committed to finding great locations in densely populated areas where we can add to our existing New York-metro area footprint. We know there is nothing the urban resident needs more than storage space,” said company president Steve Novenstein.

When construction on its two news sites is completed, Storage Deluxe's portfolio will consist of 28 facilities, nearly 38,000 units and more than 2 million square feet of rentable space in the New York City metropolitan area.

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