Long Island City

47-16 Austell Place

Four-Story, 60,000-Square-Foot Factory Converted Into Retail-Office Property at 47-16 Austell Place, Long island City

10:00 am on July 29, 2016 By Reid Wilson

The four-story, 60,000-square-foot industrial building at 47-16 Austell Place, in southern Long Island City, has recently been converted for a variety of commercial uses, according to Commercial Observer. It hosts 10,000 square feet of ground floor retail space, of which a food café has already leased a portion. The floors above, with floor plates of 16,000 square feet, are geared towards office tenants and community facility uses. Joffrey Ballet Center, a dance school, has leased the fourth floor. Upgrades made to the building include renovations to the interior, a new roof, a revitalized façade with new windows, and a redesigned lobby. A rooftop lounge with landscaping is also being built and is expected to be complete in early 2017. The Vanbarton Group, which purchased the property for $7.7 million in 2015, is the developer. Montroy Andersen DeMarco is the architect.

24-02 49th Avenue

New Owners Plan Commercial-Office Renovation at Seven-Story Property, 24-02 49th Avenue, Long Island City

11:00 am on July 26, 2016 By Reid Wilson

Innovo Property Group and Westbrook Parters have acquired, for $195 million, the seven-story, 640,000-square-foot office-industrial building at 24-02 49th Avenue, in southern Long Island City. The purchase was financed with a $136 million mortgage, Commercial Observer reported. The building is nearly completely leased, with the New York City Housing Authority (NYCHA) occupying 480,000 square feet across five floors. The new owners plan to not renew NYCHA’s lease, which expires in 2020. The plan is to renovate the property to include modern and creative office space. The property is right across the street from the Hunters Point Avenue station on the 7 train and the Long Island Rail Road.

Ten-Story Hotel Over Halfway Up at 29-12 40th Avenue in Northern Long Island City

4:00 pm on July 22, 2016 By Vitali Ogorodnikov

A hospitality haven is rapidly rising at the northern fringe of Long Island City, in an area that overlaps into Dutch Kills to the east and Ravenswood to the west. Despite its convenient location just minutes away from Midtown via subway, the neighborhood north of Queens Plaza was largely ignored by the city and developers for most of the 20th century. During that time, local street character ranged from quiet residential enclaves to fenced-off commercial and industrial facilities to seedy, crime-ridden nooks that the casual visitor best stay away from. Since Long Island City has become one of the city’s hottest neighborhoods, a dozen hotels sprung up within its northern portion, with several more currently in progress. Upon completion, the 10-story one at 29-12 40th Avenue, which will be run by a yet-to-be-announced operator, would bring 75 rooms to the booming neighborhood.

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86-01 Range Street

Two-Story, Two-Unit Mixed-Use Building Filed At 86-01 Range Street, Queens Village

3:00 pm on July 22, 2016 By Reid Wilson

Property owner Syed S. Hassan has filed applications for a two-story, two-unit mixed-use building at 86-01 Range Street, located on the corner of Hillside Avenue in the Ballaire section of Queens Village. The structure will measure 6,278 square feet. It will host 1,860 square feet of medical offices on the ground floor, followed by two residential units on the second floor. The units should average 930 square feet apiece, indicative of family-sized configurations. There will also be three off-street parking spaces, one of which will be housed in a 280-square-foot garage. Nasir J. Khanzada is the applicant of record. The 50-foot-wide, 5,000-square-foot property is currently occupied by a two-story, single-family house. Demolition permits were filed in last December.

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