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Monthly Archives: December 2016

108-33 171st Street

http://www.brownstoner.com/listing/RUTE-65870TH/jamaica-jamaica-ny-11433/ This spacious single family home consists of three bedrooms and 2.5 bathrooms. On the first floor is the kitchen, a large living and dining area and a half bathroom. On the second floor, you will find three bedrooms and one full bathroom. Above that

30-52 36th Street

http://www.brownstoner.com/listing/RUTE-67495TH/long-island-city-astoria-astoria-ny-11103/ This wonderful structure is on a tree-lined street, in the most desirable part of the 36th Str between 30th and 31st Avenue, in Astoria’s beautiful and upcoming community. It’s a dream come true for prospective buyers that are looking for this rare opportunity to

JV Secures $150M Construction Loan for Queens Tower

https://www.multihousingnews.com/post/jv-secures-150m-construction-loan-for-queens-tower/ AIG is providing the financing for the luxury community, set to open in early 2018. New York—Quadrum Global, in partnership with Simon Baron Development, secured a $150 million construction loan for a luxury residential tower in Long Island City, Queens. Located at 29-26 Northern

Controversial Queens landlord Rita Stark passes away

Who she was Rita Stark was not very popular among Queens developers. Many of her critics faulted her with blocking a $91 million revitalization plan for Far Rockaway. Nevertheless, the landlord has recently passed away. She divided her many multifamily holdings between her brother and

Bonds for Queens NYCHA Complex are approved

Bureaucracy gets in the way Though many bureaucratic setbacks were registered, the State approved a major quantity of tax exemption bonds. The bonds amount to $227 million and will be put to good use. This transaction is meant to fund necessary repairs at the Ocean

2626 Jackson Ave

http://www.brownstoner.com/listing/NESTSEEKERS-663862/2626-jackson-ave-apt-905-long-island-city-hunters-point-long-island-city-ny-11101/ 9th Floor large 1 bedroom plus windowed home office (convertible 2) available at the architecture award winning Vere Condominium in Long Island City. Apartment is in immaculate condition with many upgrades.  The south/west exposure and floor to ceiling windows ensure plenty of light all

Savanna Nabs $200M Acquisition Financing for Falchi Building Buy

https://commercialobserver.com/2016/12/savanna-nabs-200m-acquisition-financing-for-falchi-building-buy/ Developer Savanna has landed a $200 million acquisition loan from Blackstone Group for the purchase of The Falchi Building in Long Island City, according to a press release from Savanna today. The five-story, block-wide building at 31-00 47th Avenue was sold by Jamestown. In

9-Story Hotel Planned for Vacant Crescent Street Lot in Long Island City

https://www.dnainfo.com/new-york/20161216/long-island-city/hotel-42-59-crescent-street-royal-one-real-estate LONG ISLAND CITY — A developer is planning to build a nine-story hotel with 88 rooms on an empty lot near Queensboro Plaza. It’s the second time Royal One Real Estate II LLC filed plans with the city to build a hotel on the triangle-shaped lot

Flushing sets pace for development prices in Queens

http://www.crainsnewyork.com/article/20161219/REAL_ESTATE/161219877/flushing-sets-pace-for-development-prices-in-queens Neighborhood site trades for $341 per square foot—higher than commercial parcels in borough’s other hot spots The deal for the former branch of Flushing Bank at 159-18 Northern Blvd. sets the record for the neighborhood.