Criterion Group Set to Acquire Long Island City Development Site on Northern Boulevard for $40 Million

31-08 Northern BoulevardCurrent-day 31-08 Northern Boulevard, image via Google Maps

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.

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