QUEENS REAL ESTATE NEWS

SPILLING THE BEANS ON QUEENS REAL ESTATE

TRADED: Kulwant Deol buys 50,000 SF Development Site from Alvaro Castillo at 9-11 40th Avenue for $4.1 million

Kulwant Deol of Xtream Realty Holding, LLC buys 9-11 40th Avenue  from Alvaro Castillo of Cva Realty Corp. for $4,100,000.00 or $410 Per Square Foot. The property is located in in Long Island City, Queens. The Lender on the deal was Bank United. Cva Realy  had a Lis Pendens on the building for $150,000 with Flushing Bank. The 5000 sq.ft. building is is zoned M1-3 on a 10,000 square foot lot and has up to 50,000 square feet of total air rights. The Property Traded on June 22, 2016. 

 

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