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30-17 40th Avenue

30-17 40th Avenue
Long Island City, NY 11101
Retail, Residential, Leasing/Rental, Multifamily
  • Address 30-17 40th Avenue
  • neighborhood Long Island City
  • borough Queens
  • owner Lightstone Group
  • owner entity ATLANTIC GARAGE, LLC
  • PLANS DISCLOSED 11/24/2014
  • dob permit issued 06/02/2015
  • DOB FILE PLANS 11/24/2014
  • DOB FILE Link
  • residential units 428
  • commercial units 1
  • total units 429
  • const. status Under Construction
  • block and lot 4-00400-0208
  • Event Financing
  • Address 30-02 39th Avenue
  • Neighborhood Long Island City
  • Borough Queens
  • Price $ 187,000,000
notes
The lender issued a loan of $187 million for the Long Island City property.
  • Event Financing
  • Address 30-02 39th Avenue
  • Neighborhood Long Island City
  • Borough Queens
  • Price $ 30,000,000
  • Publication Date 07/01/2016
  • Event Date 05/15/2016
  • Party 1 Lightstone Group
  • Party 2 CIM Commercial Trust Corporation
notes
The company secured a $30 million mezzanine loan.
  • Event Financing
  • Address 30-02 39th Avenue
  • Neighborhood Long Island City
  • Borough Queens
  • Square feet 413,000
  • Price $ 75,000,000
  • Publication Date 05/01/2016
  • Event Date 03/17/2016
  • Party 1 Lightstone Group
  • Party 2 Canadian Imperial Bank of Commercial
notes
The company secured a $70 million loan consisting of a $65.1 million building loan and a $9.9 million project loan.
  • Event Sales
  • Address 30-17 40th Avenue
  • Neighborhood Long Island City
  • Borough Queens
  • Price $ 23,200,000
  • Publication Date 03/01/2016
  • Event Date 01/01/2016
  • Party 1 Atlantic Garage
  • Party 2 Lightstone Group
notes
The development site was sold for $23.2 million.
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