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**StorageMart Adds $1B Self-Storage Portfolio to NYC Holdings**
StorageMart, a longstanding leader in the self-storage industry, has expanded its footprint in New York City with the acquisition of 15 self-storage properties. These newly acquired facilities are spread across key boroughs—including Manhattan, Staten Island, Brooklyn, and Queens.
According to the New York Business Journal, the $1.03 billion deal marks the largest transaction in the city’s self-storage sector over the past five years and ranks as the second-largest in New York City history. It follows only behind StorageMart’s own $3 billion acquisition of Manhattan Mini Storage in 2021.
The newly acquired portfolio includes approximately 1.3 million net rentable square feet, encompassing 25,498 storage units and 121 parking spaces. With this expansion, StorageMart—operating under the Manhattan Mini Storage brand—now manages 51 locations in the greater New York City area, totaling more than four million net rentable square feet.
“This acquisition reinforces our long-term commitment to New York City and our confidence in both the strength of the self-storage sector and the city’s enduring demand fundamentals,” said Alex Burnam, Senior Vice President of Real Estate Acquisitions at StorageMart.
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