Recently Queens Beans reported on the sale of The Center Building and the surge in the LIC office market. While Manhattan used to be the focus of real estate players for office real estate, the shift has turned to Long Island City due to the
Creating residential buildings from parking lots has reached Long Island City’s Alert Garage Corp. Permits were filed to build a new residential and commercial mixed-use tower on the lot at 30-17 40th Ave, consisting of ten stories. The project is a joint venture partnership between
33-00 Northern Boulevard, also known as the Center Building, is being bought by Vornado for $142 million, from Madison Marquette. The 437,000 square foot office building was bought in 2012 by Madison Marquette in a joint venture partnership for over $84 million. Vornado is to
Property Markets Group is even more active in the Queens Plaza district. PMG’s 23-10 Queens Plaza South rental development is now under construction and now PMG just closed on two adjacent properties at Queens Plaza North in the past two weeks. The first of the
Dutch Kills in Long Island City is on fire. Queens Beans just reported regarding the sale of 3714 34th Street and now the property at the corner on 38th Avenue, from 33rd to 34th street has closed. 33-01 38 Avenue, (photo by google maps) just sold for
A 19,500 square foot warehouse currently used for a medical facility has been recently sold for $9.7 million. The warehouse spans from 34th to 33rd streets, between 37th and 38th avenues, has both M1-2 and R6A zoning with 58,500 buildable square feet as of right.