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Category Archives: Long Island CIty

What is the status of 45-40 Vernon Boulevard?

One year ago Simon Baron Development purchased this property for $14.7 million. The property, which has great views of Manhattan, is currently M-zoned. The zoning allows for hotel use and the area is currently serviced by the Wyndham Garden Hotel a few blocks away and

New Development: 25-10 38th Avenue

There is a new 18-unit rental coming to Long Island City. Located between Crescent street ad 27th street, local owners Dylan Salant and Kevin Hernandez are building the new project that will also include parking and possibly some retail. The area has seen some recent

30-17 40th Ave: New Residential Building

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

The Center Building, 33-00 Northern Boulevard

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

New Development | 21-21 44th Drive

What’s going on at this site at 21-21 44th Drive? It seems as though that a partnership between the Slate Property Group and the Carlyle Group have plans to build a 88-unit condominium. According to permits and plans filed, the mixed use property will have

Proprety Markets Group – Queens Plaza North

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

Progress Update | 23-10 Queens Plaza South

Last month The Real Deal reported on the $130 million construction loan that Deutsche Bank provided for the project at 23-10 Queens Plaza South by Property Markets Group. PMG bought the site back in 2012 and it is slated to be a 410 unit rental

MARKET DATA REPORT | $300 per Buildable in LIC

Recently, GDC Properties purchased two adjacent, one-story, industrial warehouses in the Court Square sub-district of Long Island City, for a total of $44 million. Headquartered in Westchester, GDC, purchased the larger of the two lots, at 11-15 46 Ave for $37 million from the Eunhasu Corporation

Progress Update – 44-80 11th Street

Almost two years ago, an industrial warehouse at 44-80 11th street, at the corner of 45th Avenue and 11th street in Long Island City was purchased for $1,375,000, by Ekstein Development and RD management, according to public records. Now it seems the first half of

33-01 38 Avenue – SOLD!

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