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
New residential towers to be built in Flushing The real estate firm led by Andy Chau, Wing-Fung Realty Group has reportedly big plans coming up. The company is expected to establish to mixed-use residential towers to Flushing. This complex will span nearly 550,000 square feet.
Astoria, an area known for its rustic remnants of old factories and warehouses, will be getting a stunning enhancement to the middle of the neighborhood at 29-10 Broadway. Jestam Realty, a Bronx based developer, is teaming up with Aufgang Architects to design a luxurious five-story,
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
RKO theater located on 135-35 Northern Boulevard in Flushing Queens, has been purchased for $66 Million. The buyers, Xinyuan Real Estate, a Chinese based real estate developer plan to transform the theater into a 269-unit residential building with 2 floors of retail. This is not
The Malechite Group Ltd, is in contract to sell their building at 28-18 Steinway Street in Astoria for $12.5 million, according to Manny Malekan, Principal of the Malechite Group. The property is a 24,600 square foot mixed-use office and retail building along Astoria busy Steinway