Large Commercial Development Site At 40-70 Delong Street Purchased, Flushing

40-70 Delong StreetPresent-day 40-70 Delong Street, photo via Commercial Observer

Sam Chang’s Great Neck-based McSam Hotel Group has sold their development site at 40-70 Delong Street, in downtown Flushing, to Flushing Point Holdings LLC for $44.5 million, according to Commercial Observer. The property consists of two tax lots currently occupied by a two-story warehouse building, but boasts 394,930 square feet of commercial development rights or 557,549 square feet of rights with the inclusion of community facility space. Plans for the site have not been disclosed.

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

TFC Horizon
.

1 Comment on "Large Commercial Development Site At 40-70 Delong Street Purchased, Flushing"

  1. for information

Comments are closed.