Teamsters put LIC development site near 5Pointz on the market

Land with 76K buildable sf could give rise to 9-story resi building

A local affiliate of the International Brotherhood of Teamsters labor union is looking to sell a development site near 5Pointz in Long Island City that offers just shy of 76,000 buildable square feet, The Real Deal has learned. The union is asking $29 million.

The 17,000-square-foot site at 22-43 Jackson Avenue in Court Square, which currently holds the single-story headquarters of the local 808 pension and health fund union, could make way for a residential building of up to nine stories high.

The lot, which Pinnacle Realty’s Decio Baio and David Junik are marketing as an opportunity to build an apartment building with ground-floor retail, is zoned for both commercial and residential use.

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It’s Just Up The Road from MoMA PS1 at 22-25 Jackson Avenue and developer Jeffrey Gershon’s 182-unit rental project at 22-22 Jackson Avenue, and across the street from the Wolkoffs’ 5Pointz redevelopment site. Also, plastic packaging firm Plaxall is asking $53.5 million for a development site at 22-12 Jackson Avenue with nearly 170,000 buildable square feet, as TRD reported.

If the site at 22-43 Jackson Avenue were to sell, the union would relocate and the building would likely be demolished, Junik said.

Correction: A previous version of this article incorrectly identified the developer of the 5Pointz site. It is the Wolkoffs. 

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Teamsters put LIC development site near 5Pointz on the market

Land with 76K buildable sf could give rise to 9-story resi building

A local affiliate of the International Brotherhood of Teamsters labor union is looking to sell a development site near 5Pointz in Long Island City that offers just shy of 76,000 buildable square feet, The Real Deal has learned. The union is asking $29 million.

The 17,000-square-foot site at 22-43 Jackson Avenue in Court Square, which currently holds the single-story headquarters of the local 808 pension and health fund union, could make way for a residential building of up to nine stories high.

The lot, which Pinnacle Realty’s Decio Baio and David Junik are marketing as an opportunity to build an apartment building with ground-floor retail, is zoned for both commercial and residential use.

Sign Up for the undefined Newsletter

By signing up, you agree to TheRealDeal Terms of Use and acknowledge the data practices in our Privacy Policy.

It’s Just Up The Road from MoMA PS1 at 22-25 Jackson Avenue and developer Jeffrey Gershon’s 182-unit rental project at 22-22 Jackson Avenue, and across the street from the Wolkoffs’ 5Pointz redevelopment site. Also, plastic packaging firm Plaxall is asking $53.5 million for a development site at 22-12 Jackson Avenue with nearly 170,000 buildable square feet, as TRD reported.

If the site at 22-43 Jackson Avenue were to sell, the union would relocate and the building would likely be demolished, Junik said.

Correction: A previous version of this article incorrectly identified the developer of the 5Pointz site. It is the Wolkoffs. 

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