The Real Deal New York

Posts Tagged ‘long island city’

  • Q41 in Long Island City

    Q41 in Long Island City

    It’s no “Poor Door” but a luxury tower in Queens is putting up a fence. [more]

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  • 9-03 44th Road

    9-03 44th Road

    Adding yet another property to the hotel-building boom in Queens, developer Barone Management is looking to build a 13-story, 222-key lodge in the Hunter’s Point section of Long Island City, city records show. [more]

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  • lic-office

    From left: 33-00 Northern Boulevard and 37-18 Northern Boulevard in Queens

    Vornado Realty Trust, RXR Realty and other real estate giants are banking on the office market in Long Island City for new projects. [more]

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  • 40-07 40th Avenue (inset from left: David Junik and Decio Baio)

    40-07 40th Avenue (inset from left: David Junik and Decio Baio)

    Updated, 12:06 p.m., Nov. 26: The owner of a Long Island City yellow-cab company has brought on The Lightstone Group a joint venture partner to develop a 10-story mixed-use building in the Queens Plaza North neighborhood, The Real Deal has learned.

    [more]

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  • The Center Building in Long Island City, Queens

    The Center Building in Long Island City, Queens

    Vornado Realty Trust is buying the Center Building, a 437,000-square-foot office building in Long Island City, for $142 million. [more]

    1 Comment
  • From left: Long Island City's clock tower building and Kevin Maloney

    From left: Long Island City’s clock tower building and Kevin Maloney

    Kevin Maloney’s Property Markets Group paid nearly $31 million to snap up Long Island City’s clock tower building, city records show. But preservations are working to get the property declared a landmark before it’s torn down.

    PMG paid $30.9 million to buy the Morrell Smith-designed building at 29-27 41st Avenue, records filed with the city over the weekend show. The seller, the Criterion Group, bought the property in May for $15 million. [more]

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  • From left: Kyle Kimball and the Queensboro Bridge

    From left: Kyle Kimball and the Queensboro Bridge

    The city is looking to convince developers to build affordable housing by offering them free air rights. [more]

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  • lic-sites

    From left: 5-02 54th Avenue in Queens and David Junik

    Queens Village-based landlord James Juliano is asking north of $50 million for a pair of Long Island City development sites with a total of 172,000 buildable square feet, The Real Deal has learned. [more]

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  • From left: Joseph Stern and 29-37 41st Avenue

    From left: Joseph Stern and 29-37 41st Avenue

    A Queens-based developer who bought a prime Long Island City site for $8 million three years ago flipped the property for nearly six times that amount.

    Developer Steve Cheung closed yesterday on the $46.3 million sale of the site at 29-37 41st Avenue in the Queens Plaza section of Long Island City. [more]

    2 Comments
  • 30-30

    30-30 47th Avenue in Queens and Invesco’s Martin Flanagan

    Invesco has taken a 49 percent minority stake in a 1 million-square-foot Long Island City office property known as the Factory Building for roughly $175 million.

    Atlas Capital will continue to hold a majority stake at 30-30 47th Avenue. A CBRE team represented Atlas in the deal. [more]

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  • From left: David Ash and the Verve Hotel at 40-03 29th Street

    From left: David E. Ash and the Verve Hotel at 40-03 29th Street in Long Island City

    The owners of Long Island City’s Verve Hotel are in contract to sell the 87-key property for $20 million, The Real Deal has learned. [more]

    2 Comments
  • lic-1

    From left: Rob Speyer and Long Island City development site (Credit: Bing Maps via YIMBY)

    Tishman Speyer and Toronto-based partner H&R Real Estate Investment Trust filed plans today for a 1,789-unit rental project in Long Island City.

    The three towers would rise at 28-34 Jackson Avenue, 28-10 Jackson Avenue and 30-02 Queens Boulevard. The 53-story, 501,000-square-foot building at 28-34 Jackson would hold 658 apartments and a ground-floor retail space. The other properties will be a 44-story, 521,000-square-foot tower with 683 rentals on Jackson Avenue and a 33-story, 365,000-square-foot tower with 448 rentals. [more]

    1 Comment
  • map

    Citizens Housing & Planning Council’s Making Neighborhoods map

    Financial District-based nonprofit Citizens Housing and Planning Council has unveiled a map that breaks down demographic changes in every New York City neighborhood that occurred between 2000 and 2010, thus illuminating various population shifts spurred by housing trends. [more]

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  • From left: Kevin Maloney, Howard Lorber and a rendering of 23-10 Queens Plaza South

    From left: Kevin Maloney, a rendering of 23-10 Queens Plaza South and Howard Lorber

    Kevin Maloney’s Property Markets Group has locked down more than $130 million in construction financing for its planned 44-story rental tower in Long Island City, property records filed with the city today show.  [more]

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  • 11-22 45th Road, Long Island City

    11-22 45th Road in Long Island City

    Westchester County-based real estate development firm GDC Properties plans to construct a townhouse development on a Long Island City industrial site.

    GDC paid $44 million for two adjacent parcels at 11-22 45th Road and 45-35 11th Street, according to public records The Real Deal reported on last week. The property at 11-22 45th Road holds a one-story, 33,660-square-foot warehouse. [more]

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  • Hunter's Point South

    Hunter’s Point South

    The affordable housing lottery for Hunter’s Point South has drawn roughly 25,000 applications during its first week.

    Hunter’s Point South, a two-tower development in Long Island City will house some 925 low- and moderate-income families. The results of the lottery, which was launched on October 15, reveal that the development doesn’t come close to accommodating the demand for affordable housing in the area. [more]

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  • shamash

    From left: Nigel Shamash and a rendering of 30-02 Borden Avenue

    Investors in a far-flung corner of industrial Long Island City are looking for a way to transform a 300,000-square-foot development site into a property that will raise its neighbors’ values.

    Nigel Shamash, principal broker at the firm 5cre, is courting developers to see who can come up with the best use for a property in a gritty section of the neighborhood between Newtown Creek and the Long Island Expressway. [more]

    1 Comment
  • 11-22 45th Road, Long Island City

    11-22 45th Road, Long Island City

    UPDATED 2:10 p.m. October 23: The Westchester-based GDC Properties bought two adjacent parcels in Long Island City for $44 million, according to property records filed with the city Monday.

    The site at 11-22 45th Road in the Court Square area of Long Island City is home to a one-story warehouse. GDC also bought 45-35 11th Street. The president of GDC Properties, William Ingraham, also filed a permit to demolish the 33,660-square-foot structure at the location, according to records from the city’s Department of Buildings. [more]

    1 Comment
  • From left: Sunnyside Yards and map of proposed development area

    From left: Sunnyside Yard and map of proposed development area

    Queens community leaders voted to push Borough President Melissa Katz to study whether new development could be built atop a rail yard located between Long Island City and Sunnyside. [more]

    1 Comment
  • From left: Twining Properties CEO Alex Twining and 27-19 44th Drive, Long Island City

    From left: Twining Properties CEO Alex Twining and 27-19 44th Drive, Long Island City

    The construction boom in Long Island City’s Court Square is continues, with a permit application filed for a 282-feet tall tower at 27-19 44th Drive. [more]

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