As first reported by The Real Deal, Andy Chau filed plans last week to develop a pair of mixed use towers that will span 550,000 SQFT in Flushing, Queens. The development at 131-02 40th Road was purchased back in October for $45.1MM. There will be two
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 is a 10-story, 135,000-sq.-ft. building.
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.
Out With The Old and In With The New, Historic RKO Theater in Flushing Is Being Replaced With Condos
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
HHF is currently marketing the Development site for Kevin Maloney’s PMG, at 29-37 41st Avenue in Long Island City’s, Queens Plaza district. According to the marketing, the property is over 1 million square feet, with a 15-year 421 tax abatement, $35 million in brownfield tax
Is Astoria still investment worthy? Since Q1 2015 the Astoria multifamily market has seen a major decline in all aspects of trades, such as sales volume, number of transactions, average price per unit and average price per square foot. All this data point to one
Plans were revealed and permits were filled for 88-08 Justice Avenue, Elmhurt Queens. These permits were filled earlier in 2015 however, recently revealed renderings provide an outlook to the final project. Plans have been slightly altered from the original permit fillings. New permits reveal a