The Real Deal New York

Posts Tagged ‘long island city’

  • 30-02 48th Avenue in Long Island City (credit: CoStar) (inset: Daniel Loeb)

    30-02 48th Avenue in Long Island City (credit: CoStar) (inset: Daniel Loeb)

    Hedge funder Daniel Loeb is going in on Long Island City’s emerging office market after buying a stake in a 150,000-square-foot former warehouse in the Queens neighborhood. [more]

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  • From left: Court Square development site and the surrounding area

    From left: Court Square development site and the surrounding area

    Citigroup sold a huge Long Island City development site just north of One Court Square to Flushing-based developer Jia Shu Xu of C&G Empire Realty for $143 million, according to property records filed with the city Wednesday.

    The property is made up of nine parcels — located just north of Court Square along 23rd Street between 44th Drive and 44th Road — each spanning 36,000 square feet, city records show. The site holds roughly 780,000 buildable square feet. [more]

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  • Adam America LIC

    From left: Adam America’s Omri Sachs and Dvir Cohen Hoshen, aerial view of 22-12 Jackson Avenue in Long Island City and Ron Solarz

    Adam America Real Estate, one of the most active developers in Brooklyn, is planning its first Queens project – an 11-story condominium building across the street from MoMA PS1 in Long Island City. [more]

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  • LIC

    5-25 46th Avenue, on the right (inset: Barneys CEO Mark Lee) (credit: East Village Live)

    Barneys New York, a company famously synonymous with Midtown Manhattan, moved a small part of its operations to Long Island City. The department-store chain has signed a 10,000-square-foot manufacturing-space and office lease for its visual department at Plaxall Properties’ 5-25 46th Avenue, said Plaxall managing director Paula Kirby at the LIC Summit held at the Museum of the Moving Image Tuesday. [more]

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  • Long Island City and Bill de Blasio

    Long Island City and Bill de Blasio

    With the possibility of more condo projects coming to Long Island City, the de Blasio administration is pushing for more affordable housing in the area.
    [more]

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  • 45-40 Vernon Boulevard in Long Island City (inset: Simon Baron Development CEO Jonathan Simon, left, and president Matthew Baron, right)

    45-40 Vernon Boulevard in Long Island City (inset: Simon Baron Development CEO Jonathan Simon, left, and president Matthew Baron, right)

    UPDATED, June 15, 1:27 p.m.: Simon Baron Development and CRE Development have plans to bring a 28-story residential tower with 296 rental apartments to Long Island City, at the site of the former Paragon Paint factory, according to a permit application filed with the Department of Buildings. [more]

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  • 42-12 28th Street

    The view from the top of 42-12 28th Street (credit: @SamYee) and a rendering of the building. (credit: CityRealty)

    Heatherwood Communities secured $154 million in financing from PNC Bank for its planned 58-story rental tower in Long Island City, according to property records filed with the city Friday[more]

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  • 35-02 2F Northern Boulevard _May 12, 2015_0001-11

    35-02 Northern Boulevard in Long Island City (inset: Daniel Wechsler)

    A partnership led by attorney Chris Chin and Demar Plumbing head Alex Demarinis is looking to sell a Long Island City development site with 145,000 buildable square feet for $30 million, sources told The Real Deal[more]

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  • 1 Court Square in Long Island City

    1 Court Square in Long Island City

    The Citigroup Building at 1 Court Square in Long Island City could be reinvented as a residential property under new ownership, with the upper levels of the building converted into condos or rentals.

    Such a conversion would be contingent on Citigroup failing to renew its lease at the 673-foot-tall Queens tower, which is the tallest building in the outer boroughs. The financial services firm’s lease reportedly expires in 2020. [more]

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  • Clock Tower of Long Island City

    The Long Island City Clock Tower

    The Landmarks Preservation Commission has unanimously decided that the 14-story Art Deco Clock Tower in Long Island City will be designated a landmark.

    The vote comes less than a year after preservationists started a campaign to protect the iconic building, Curbed reported. According to the commission, the tower “represents a significant period of development in Long Island City,” the website reported. [more]

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  • (Credit: Modern Spaces)

    (Credit: Modern Spaces)

    Condominium prices in Long Island City crossed the $1,000 per square foot mark in the first quarter of 2015, according to a new report by brokerage Modern Spaces. [more]

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  • cigar factory queens

    35-11 and 35-31 9th Street in Long Island City (inset: Evan Daniel)

    UPDATED, 1:37 p.m., April 2: A Long Island City warehouse converted from a 19th-century DeNobili cigar factory is now on the market and has received offers for up to $30 million. Hudson Realty Capital, a Flatiron District-based real estate fund manager, has owned the four-story, 102,670-square-foot building at 35-11 and 35-31 9th Street since earlier this year, according to sources familiar with the deal. [more]

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  • 29-37 41st Avenue in Long Island City and Kevin Maloney

    29-37 41st Avenue in Long Island City and Kevin Maloney

    The MTA is getting $56 million in a deal to sell air rights to Property Markets Group and joint venture partner Karman Hakim, who are planning to build a 77-story residential tower on Queensboro Plaza in Long Island City. [more]

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  • 29-37 41st Avenue and Kevin Maloney

    29-37 41st Avenue and Kevin Maloney

    A joint venture between Kevin Maloney’s Property Markets Group and the Hakim Organization wants to buy nearly $56 million worth of unused development rights and land from the Metropolitan Transportation Authority, which could allow them to build Queens’ tallest building. [more]

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  • 29-37 41st Avenue and Kevin Maloney

    29-37 41st Avenue and Kevin Maloney

    Kevin Maloney’s Property Markets Group is planning to build a 70-story mixed-use tower at the edge of Queensboro Plaza in Long Island City, according to an application filed with the city’s Department of Buildings today. [more]

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  • madison-long-island-city-rentals

    42-77 Hunter Street in Long Island CIty

    UPDATED Mar 9, 10:58 a.m.: Initial reports suggested that units at the Madison in Long Island City, a new condominium development, were selling like hotcakes. Nevertheless, the building is now going rental. [more]

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  • 46-30 Center Boulevard in Long Island City

    46-30 Center Boulevard in Long Island City

    Taxi company owner Basil Messados hopes to set the new standard for luxury in Queens with the listing of his three-bedroom Long Island City penthouse condominium unit for $5.4 million. If it sells for that price, it would be the borough’s priciest single-family sale ever. [more]

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  • From left: the Falchi building in Long Island City and a pie by Stolle

    From left: the Falchi building in Long Island City and a pie by Stolle

    A Russian cafe chain is opening up shop at Jamestown LP’s Falchi building in Long Island City. [more]

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  • From left: 27-01 Jackson Avenue and 26-32 Jackson Avenue in Long Island City

    From left: Renderings of 27-01 Jackson Avenue and 26-32 Jackson Avenue in Long Island City (credit: Raymond Chan)

    New York Lions Group’s Albert Shirian is planning to erect two residential towers on each side of the Jackson Avenue in Long Island City, adding to the slew of high-rise projects in the works in the Queens Plaza and Court Square neighborhood. [more]

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  • lic-dev-site

    From left: 22-43 Jackson Avenue in Long Island City and Decio Baio

    A local affiliate of the International Brotherhood of Teamsters labor union is looking to sell a development site near 5Pointz in Long Island City that offers just shy of 76,000 buildable square feet, The Real Deal has learned. The union is asking $29 million. [more]

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