Steven Guttman

Art-collecting real estate developer Steven Guttman is combining two passions with a new facility he is building in Long Island City. His development, dubbed Uovo Fine Art Storage, after the Italian word for “egg,” will be the first custom-built fine art storage facility in New York, the Wall Street Journal reported, citing project officials. Generally, art storage spaces are built in modified existing buildings.

“I go and look at the space, and they’re all old buildings,” Guttman, who runs company Storage Deluxe and is the former CEO and chairman of Federal Realty Investment Trust, told the Journal. “As a real estate developer, I said, ‘Boy, this is interesting.’” [more]

Long Island City’s Flea & Food Market Announcement

“Numbers to know” is a weekly web feature that catalogs the most notable, quirky and surprising real estate statistics. Long Island City’s waterfront gets a flea market, buyers pay greater attention to the resale value of homes and the price of Manhattan lofts skyrocket. [more]

From left: the Chelsea Market and the Falchi building at 31-00 47th Avenue in Long Island City

Is a Chelsea Market-type mixed-use development coming to Long Island City? Jamestown Properties, the owner and developer of the Chelsea Market, is considering transforming an office property it nabbed there last year into a similar type of marketplace, said the company’s chief operating officer, Michael Phillips. [more]

Long Island City

From the April issue: This month, The Real Deal breaks down the numbers of the Long Island City real estate market, which is back from a sales dip during the recession. Over the next five years, over 3,500 residential units will be ready for sale in the area…. [more]

David Wright and the Avalon Riverview

Unlike their Yankee counterparts, several young Mets players have decided against glitzy Manhattan digs and are living in two skyscrapers on the Long Island City waterfront, the New York Post reported. [more]

Modern Spaces CEO Eric Benaim and Long Island City

Prices for Long Island City apartments were mixed in the first quarter of 2013, with larger units commanding higher prices than previous months, and smaller units seeing price-per-square-foot declines, according to a market report issued today by Modern Spaces. Both a shrinking inventory and increased demand for housing in the neighborhood factored into the price climbs, the brokerage said. [more]

From left: Modern Spaces CEO Eric Benaim, a rendering of the Bindery’s lobby and a rendering of a kitchen.

Sales launched yesterday at the Bindery, a condominium development located at 47-34 11th Street in Long Island City, according to Modern Spaces, the brokerage handling sales and marketing at the project.

The 20-unit building is seven stories tall and includes a mix of studios, one- and two-bedrooms that span 494 to 971 square feet. Prices run from $450,000 to $870,000.  [more]

From left: Lightstone’s David Lichtenstein, aptsandlofts’ David Maundrell and an image of Gantry Park Landing from the teaser site

The Lightstone Group will begin leasing the 12-story, 199-unit Gantry Park Landing rental in Long Island City this summer, according to a company release, with Brooklyn brokerage aptsandlofts.com serving as the exclusive leasing and marketing agent. [more]

From left: Modern Spaces CEO Eric Benaim and renderings of the Vista condominium

The 48-unit Vista condominium tower in Long Island City has channeled the energy of the universe, it seems. This fully feng shui-designed and certified property has reached the half sold mark, according to a release sent to The Real Deal by Modern Spaces, the exclusive sales and marketing team. [more]

A penthouse at 4630 Center Boulevard

An all-cash deal for a penthouse at The View in Long Island City has broken the record for the highest price paid for a condominium in Queens, The Real Deal has learned.

The property, at 4630 Center Boulevard, sold for $3.1 million in a year-end close; it had been listed for $3.25 million by Silvette Julian of Nest Seekers International since July, records show. The record had been $3.04 million paid in 2008 for a unit at Long Island City’s Arris Lofts. An Australian native purchased the three-bedroom, four-bath home through Hong Kong-based Quafferdog Investments Limited. The seller was local businessman Tony Georgiton, records show.  [more]