The Criterion Group plans to purchase the two-story property assemblage at 31-08 Northern Boulevard, in northern Long Island City, for $40 million, per The Real Deal. The development site boasts 253,000 square feet of building potential, but no plans for development have been proposed. The property last traded for $3.6 million in 2004, and the latest transaction should close this month.
Subscribe to YIMBY’s daily e-mail
Follow YIMBYgram for real-time photo updates
Like YIMBY on Facebook
Follow YIMBY’s Twitter for the latest in YIMBYnews
