Back in September Real Estate Weekly reported that Vorea was in contract to purchase 12-01 44th Avenue after their announcement of the ground lease of 23-20 Jackson Avenue. Now Queensbeans.com has learned that Peter Papamichael of the Vorea Group recently closed on the purchase of
Back in the summer, QueensBeans was the first to report that HHF began marketing The Clock Tower in LIC for Kevin Maloney’s PMG. That site sold to Durst at the end of last year and now PMG and the Hakim Organization have brought another development site
Last September a 256,000 square foot property at 48-49 35th Street, hit the market in Long Island City according to The Real Deal who first reported and now that property is in contract. Queensbeans has just learned from sources near the deal
Two hotel development sites just sold in Long Island City for $36 million.The assemblage of the two sites at 42-31 and 42-37 Crescent Street between 42nd road and 43rd Avenue will have over 105,000 SF of buildable combined for Hotel use. The partially approved
Silver Star Motors, a long time Queens Mercedes-Benz dealership has just completed it structure on 37-14 36th Street. 37-14 36th Street one of the very first high-rise multi-family residential building in east Long Island City/Dutch Kills section of Queens, NY is a 10-story, 135,000-sq.-ft. building.
Owner and seller Anthony McKenzie has just sold his development site located on the corner of Merrick Boulevard and 108th Avenue. 107-65/67 Merrick Boulevard has a footprint of 8,410 square feet, due to its zoning the property offers 16,280 buildable square feet “as of right”
Jamaica Tower, LLC whose owners are unknown has exclusively selected Cushman & Wakefield to market The Archer Towers development site located at 163-05/25 Archer Avenue in the heart of Downtown Jamaica. The asking price is listed at $60 million, or $83 per buildable square foot. This
A vacant, two-story, 1,728-square-foot building at 12-07 40th Avenue in Long Island City sold for $1,125,000. The property which was originally a multifamily property, will offer approximately 6,075 buildable square feet. Due to the zoning of the property, the best use looks to be a mixed
25-77 & 25-79 31st street are two 2-family properties that are located next door to each other on 31st street the buyer intended to buy it as a development sight. Together the properties will offer 50 feet of frontage and approximately 21,538 buildable square feet.
Another major deal has occurred in Long Island City. Peter Papamichael of the Vorea group signed a 99 year lease at 23-20 Jackson Avenue in Long Island City. The Lease is for $450,000 a year which comes out to $45 a square foot. The