Once-abandoned Long Island City rowhouse gets $3M

TRD New York /
Sep.September 27, 2013 03:33 PM

A long-abandoned five-story rowhouse in Long Island City has sold for $3 million, and setting a record for the nabe’s priciest single-family home sale.

Developer Eyal Schuster, also behind nearby One Murray Park, bought the long-abandoned home at 5-31 51st Avenue for $400,000 in October 2011. He then set about stripping and renovating the home, keeping a few details such as arched brick windows and metal studs.

The overhaul set him back over $1 million.

The buyers, a Greek family from Queens who were not further identified by the New York Daily News, wanted to find a place for their three children. Core’s Doron Zwickel and Brittany Fox had the listing.

Darius and Marina Tencza, who filed suit in May 2010 against Manhattan-based developer Andalex Group for an alleged violation of the Interstate Land Sales Full Disclosure Act, known as ILSA, paid $2.995 million for their 27-78 Thomas Avenue loft earlier that year — the next-priciest single-family sale in the area to date. [NYDN]Julie Strickland

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