Queens

47-25 34th Street

Office Conversion Planned for Four-Story Industrial Building at 47-25 34th Street, Long Island City

Metropolitan Realty Associates and TIAA are in contract to acquire the four-story, 342,000-square-foot industrial property at 47-25 34th Street, located on the corner of 48th Avenue in the Dutch Kills section of Long Island City. The property is being sold for $90 million, according to Crain’s. The eventual new owners plan to convert the building into modern office space to the tune of more than $10 million. The property is currently 55 percent vacant, with the occupied portion is being utilized as warehouse and showroom space. The sale comes two years after Brickman acquired the building for $60 million. Future office tenants will be located two blocks from the 33rd Street stop on the 7 train.


151-01 17th Avenue

15 Two-Family Houses Coming to Vacant Plot at 151-01 17th Avenue, Whitestone, Queens

Floral Park, N.Y.-based Maddd Equities has filed applications for 15 two-family houses at the vacant plot of land bound by Murray Street, 17th Avenue, and 150th Place in Whitestone, Queens. The individual buildings, to stand two stories in height, will measure between 3,465 square feet to 4,470 square feet. Across the entire development, the full-floor apartments should average 1,316 square feet apiece, indicative of family-sized configurations. So far, filings have been submitted for the addresses of 16-03 – 16-11 Murray Street, 16-02 – 16-16 150th Place, and 151-01 – 151-25 17th Avenue. Roslyn, N.Y.-based Shahriar Afshari is the applicant of record. The land is currently being used as a parking lot, probably for the St. Luke’s School across the street.


50-02 39th Avenue

City Moving Forward with Public Park Plans at 50-02 39th Avenue, Sunnyside

The city’s Parks Department is planning to move forward with transforming the vacant lot at 50-02 39th Avenue, located on the of 50th Street in Sunnyside, into a public park. The city recently designated $3 million to acquire the property from its owner, DBH Associates, DNAinfo reported. DBH acquired the plot in 2007 for $1.45 million and is open to selling the property. The owner attempted to built a two-story, eight-unit apartment building at the site, but the Landmarks Preservation Commission disapproved the plans in 2014. The site is located within the Sunnyside Gardens Historic District, which means the design of the park (and its structural elements) will have to be approved by the LPC.



24-12 42nd Road

Eight-Story, 36-Unit Mixed-Use Project Rises to Sixth Floor at 24-12 42nd Road, Long Island City

Ampiera Group’s eight-story, 36-unit mixed-use project under construction at 24-12 42nd Road is now six stories above street level, as seen in photos taken last Friday by JC_Heights and posted to the YIMBY Forums. The structure will eventually encompass 49,050 square feet. It will include 4,328 square feet of ground-floor retail space and will host condominium units averaging 817 square feet apiece. Amenities will include private residential storage units, bicycle storage space, outdoor space on the second floor, and a rooftop terrace. John K. Yung’s Flushing-based MY Architect is behind the design. In April, the structure was having its ground floor poured and had risen five stories in height. The structure can be expected to top out later this summer, with occupancy probably coming for sometime in late 2016 or early 2017.


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