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New luxury rental development offering the ultimate amenities and sustainable living experience further solidifies LIC as desirable living destination NEW YORK – June 20, 2017 – Brause Realty Inc. and Gotham Organization, Inc. are pleased to announce the leasing launch…

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Peter Papamichael of Vorea Group buys 12-01 44th Avenue in LIC from Lawrence Aaronson of Craig Envelope

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 has learned that Peter Papamichael of the Vorea Group recently…

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Silver Star Motors Completes its Structure on First High-Rise Building in Long Island City

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…

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Newmark Holdings and Olmstead Properties Complete Purchase of 43-01 22nd Street in LIC for over $62 million from Roger Kaufman and Family

Last May, The Commercial Observer had reported on the 225,000-square-foot warehouse at 43-01 22nd Street in Long Island City being in contract for over $60 million. Queensbeans has just learned that the property has closed for $62,099,560. The building, which is…

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TRADED: Brian Pun of FSA Plaza buys two LIC Buildings from Arkady Sheynin of Gold Seal Limo for $10.17 million – 2-23 Borden Avenue & 2-24 51st Avenue

2-23 Borden Avenue & 2-24 51st Avenue were just sold to Brian Pun, whom with Chris Xu is developing the tallest building in Queens. The two adjacent lots in Long Island City, Queens, sold for $10,170,000 according public record and a…

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Long Island City Business Improvement District Considers Establishing a Sub-District

Long Island City has been seeing a progressive development for a while now. With various investments in the district, along with developments—both of residential and commercial purposes, establishing a sub-district could better serve the cause of further developing LIC. The…

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