Even though the continuing expansion of several Queens areas is a reason for positivity and good prospects, it is true that some neighborhoods are not ready for the new introductions that are made. Astoria, for example, is struggling to keep up with the growing demand,
Long overdue Back in 2011, applications for a new development in Ridgewood, Queens, were filed. More precisely, at 62-41 Forest Avenue. In the last few years, some progress was made and last year new permits were filed. This time, developers filed for the site’s sidewalk
Jamaica in bloom? After all, this could be Jamaica’s time. A huge development may be coming to the neighborhoods, if everything goes according to plan. The project will include 400 apartments and span 330,000 square feet. There is a firm called Omni New York, founded
New project from 110-12 to 110-18 Liberty Avenue The A train goes right through Queens. Along Liberty Avenue, the train travels down Jamaica. This is important because currently, four different building applications have been filed just down the block from the 111 St-Greenwood Avenue Station.
IN CONTRACT 48-49 35th Street: Joe Farkas of MRA to buy Matsil Bros. 256K SF Industrial Building in LIC
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