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
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”
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
Doug Harmon and Adam Spies of Eastdil Secured are currently marketing the Falchi Building in Long Island City for Jamestown Properties. Located at 31-00 47th Ave, the building which is over 630,000 square feet was purchased in 2012 by Jamestown from the Chetrit Group, headed by Joseph Chetrit
HHF is currently marketing the Development site for Kevin Maloney’s PMG, at 29-37 41st Avenue in Long Island City’s, Queens Plaza district. According to the marketing, the property is over 1 million square feet, with a 15-year 421 tax abatement, $35 million in brownfield tax
The 215,000 square-foot property at 27-11 49th Avenue is Sunnyside is on sale with an asking price of $65 million. This Sunnyside warehouse sits on a 2.5-acre property, which has been used for the manufacturing of cosmetic products. This three-story storage and distribution facility