The Real Deal New York

Queens neighborhood news

  • Rendering of 34-45 Vernon Boulevard

    Rendering of 34-45 Vernon Boulevard

    Alma Realty’s long-planned residential development in Long Island City, known at one point as Alma Towers, is yawning back to life.

    The developer’s plans for the project initially hit the airwaves in 2010, and at the time called for two residential towers stretching 20 stories each. Now, a new building permit has been issued for the 34-46 Vernon Boulevard site, calling for an updated job application before work can start. Previous permits for excavation work were issued last summer, but the site has been quiet since then. [more]

  • Rendering of Hunter's Point South

    Rendering of Hunter’s Point South

    Hunter’s Point South, which is being developed by the Related Companies, Phipps Houses and Monadnock Construction and spans 30 acres in Long Island City, will begin accepting applications for the property’s affordable rentals next month.

    A total of 925 units will be offered, and priority will go to Community Board 2 residents, including Sunnyside, Woodside and Long Island City. Income requirements are geared toward middle-income earners, or families making up to $191,000. [more]

  • From left: Daniel Gale General Sales Manager Deirdre O’Connell, Flushing Sales Manager Donna Rubertone, President and CEO Patricia Petersen and COO Tom Calabrese

    From left: Daniel Gale General Sales Manager Deirdre O’Connell, Flushing Sales Manager Donna Rubertone, President and CEO Patricia Petersen and COO Tom Calabrese

    Daniel Gale Sotheby’s International Realty opened the residential brokerage’s first sales office in Queens today, marking the Long Island-based company’s first locale inside the five boroughs.

    Located at 35-16B Francis Lewis Boulevard in Flushing, the outpost will house 30 employees who speak a variety of languages including Arabic, Greek, Italian, Mandarin and Croation in an effort to cater to the diverse communities in the borough, according to a release from the brokerage. [more]

  • 42-72 80th Street in Elmhurst

    42-72 80th Street in Elmhurst

    Werber Management bought a 103-unit rental building in Elmhurst for $21 million, according to property records filed with the city today.

    The six-story, 89,000-square-foot elevator building at 42-72 80th Street has 95 free market units. Benjamin Werber, a principal at the Queens-based property management and construction firm, said the property was notable for the large number – 43 – of two-bedroom apartments, which were asking rents of about $2,200 per month. [more]

  • From left: Savanna managing partners Christopher Schlank and Nicholas Bienstock and 1 Court Square

    From left: Savanna managing partners Christopher Schlank and Nicholas Bienstock and 1 Court Square

    Real estate private equity and asset management firm Savanna acquired a controlling interest in One Court Square, the 1.5 million-square-foot office and retail building in Long Island City. [more]

  • Rendering of a redeveloped Willets Point (Credit: New York City Economic Development Corp.)

    Rendering of a redeveloped Willets Point (Credit: New York City Economic Development Corp.)

    Park advocates and civic leaders opposed to the Related Companies and Sterling Equities’ planned megamall adjacent to Citi Field argued their case in State Supreme Court in Manhattan yesterday.  [more]

  • From left: 34-01 38th Avenue and

    From left: 34-01 38th Avenue and an RWS production

    RWS and Associates Entertainment, a production company that tours the world, signed a long term lease for 32,000 square feet in Long Island City. [more]

  • 55-27 Myrtle Avenue, Queens

    55-27 Myrtle Avenue, Queens

    The landmarked Ridgewood Theater in Queens will soon be topped by 50 residential units, though a preservationist aims to maintain the building’s façade.

    The Department of Buildings signed off on paperwork last week permitting Bushburg Properties LLC, which purchased the theater for $6.9 million in August, to convert the first floor into 13,638 square feet of commercial space and construct four floors of residential units above. That work, according to filings for the 55-27 Myrtle Avenue property, will be done within the building’s existing shell. [more]

  • 5Pointz before and after the building was whitewashed in November

    5Pointz before and after the building was whitewashed in November

    Long Island City’s 5Pointz graffiti mecca will be flattened by the end of October. [more]

  • From left: Aerial view of 37-14 36th Street and the site now (Source: Google maps)

    From left: Aerial view of 37-14 36th Street and the site now (Source: Google maps)

    Jans Realty’s Michael Cohen is bringing another mixed-use development to Northern Boulevard in Long Island City. [more]

  • Rob Speyer

    Rob Speyer

    Tishman Speyer, in partnership with H&R Real Estate Investment Trust, is developing a luxury residential rental property on a 1.2 million-square-foot site in Long Island City.

    The property will hold approximately 1,600 rental units and roughly 30,000 square feet of retail space, according to a release from H&R. Adjacent to 2 Gotham Center, a fully-leased 670,000-square-foot office tower developed by Tishman Speyer in 2011 and acquired by H&R later that year, the building will ultimately stretch 42 stories. The site encompasses a full block bounded by Queens Boulevard, Jackson Avenue, Orchard Street and the Sunnyside Yards, an H&R spokesperson told TRD. [more]

  • From left: the View and Silvette Julian

    From left: The View at 46-30 Center Boulevard and Silvette Julian

    A Colombian buyer set a new record for the most expensive condo in Queens’ when she paid $3.35 million last month for a waterfront apartment in Long Island City, records show.

    The international buyer paid cash for the ground-floor apartment with city views and a private garden. The unit is located in TF Cornerstone’s 17-story The View in the Hunters Point section. [more]

  • From left: Eastern Consolidated's Marion Jones, Adelaide Polsinelli,

    From left: Eastern Consolidated’s Marion Jones, Adelaide Polsinelli, 39-05 29th Street, Gary Meese and Jason Marin

    Holiday Inn Manhattan View, a 136-room hotel in Long Island City, Queens, is on the market for $59 million. [more]

  • From left: Queens Borough President Melinda Katz, 1901 Starr Street and 176 Woodward Avenue in Queens

    From left: Queens Borough President Melinda Katz, 1901 Starr Street and 176 Woodward Avenue in Queens

    Queens Borough President Melinda Katz approved a plan to rezone a portion of Ridgewood from manufacturing to residential. [more]

  • hps.jpg

    Rendering of Hunter’s Point South

    The de Blasio administration is moving forward with the planned 30-acre, $100 million Hunter’s Point South development project in Long Island City, Queens.

    The city’s Economic Development Corp. issued a request for proposals for the final portion of the job Friday, which includes the construction of a new waterfront park, roads, water mains and sewer lines that will support up to 5,000 units of housing. [more]

  • From left: Ben Weiss, Greg Corbin and 89-16 175th Street, Queens

    From left: Besen & Associates’ Ben Weiss, Greg Corbin and 89-16 175th Street, Queens

    A six-story mixed-use property in Jamaica, Queens has sold for $15 million. [more]

  • From left:

    From left: Stephen Preuss, Adelaide Polsinelli, Donna Reardon and Bill Seto

    From the May issue: The Flushing real estate scene was once considered a niche market for Asian communities. But in the past few years, the tide has turned. [more]

  • Site at 25-19 43rd Avenue (Source: GMAP)

    Site at 25-19 43rd Avenue (Source: GMAP)

    Ekstein Development’s 86-unit residential project in Long Island City is on the move, now that permits have come in.

    The nine-story project at 25-19 43rd Avenue in Long Island City will rise 99 feet and measure about 68,145 square feet. The residences will be condominiums. [more]

  • 5-41FINAL

    5-41 47th Road in Queens

    Condos in a three-unit building, located in a mixed-use Long Island City property at 5-41 47th Road, are now up for sale. [more]

  • 14-33 31st Avenue in Queens

    14-33 31st Avenue in Queens

    Permits have been filed with the city’s Department of Buildings to construct a residential building at 14-33 31st Avenue in Queens, in between Astoria and Long Island City. [more]

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