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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

9-03 44th Road: 222-key LIC Hotel by Barone Management

A few weeks ago Queens Beans was on location at the Manhattan Cabinetry off of Vernon Boulevard to take some photos of the site that is about to become a new 222-room hotel. The site was signed over to a 99-year lease by the Koullias

49-18 Vernon Blvd. 5 Story Going Up!

49-18 Vernon Blvd. Posted on the site’s construction fence are blueprints of a new mixed-use building at the corner of 50th Avenue and Vernon Blvd in Long Island City. The OAPD Architecture designed building will have glass and stone design with retail on the ground

Elmhurst: The New Attraction for Developers

Elmhurst is becoming quite attractive for some real estate developers who are looking to build luxury condos and rentals that are more on the expensive side. This is what is causing a major divide in the prices of existing apartments and the new ones in

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

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

The Sale of 3714 – 3718 34th Street LIC

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.