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