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Brand new Long Island City rental tower in Opportunity Zone tower hits the market
Building at 41-32 27th Street is known as Steel Haus
A brand new luxury apartment building from the Hakimian Organization in Long Island City is hitting the market, according to sources familiar with the property.
The building at 41-32 27th Street is known as Steel Haus and stands 15 stories tall with 46 units. It includes a 15-year 421a tax abatement and is located within an Opportunity Zone. The building is expected to fetch in the $40 million range, sources said.
Cushman & Wakefield’s Stephen Preuss
A Cushman & Wakefield team led by Stephen Preuss is marketing the property, which spans about 30,000 square feet overall.
The building is still without a temporary certificate of occupancy but construction is completed.
The Hakimian Organization purchased the site in 2014 for $5 million, according to property records.
The company recently purchased a development site in Woodside for $33 million where it plans to build a mixed-use project. It also landed a $240 million mortgage from JPMorgan Chase and Citi Real Estate Funding for its Hell’s Kitchen office building at 636 11th Avenue.