 |
| Photo courtesy of Cushman & Wakefield |
The owner of the vacant, one-story warehouse located at 30-05 Vernon Blvd., bought the property last year for $3 million, according to city records, and was hoping to transform it into a mixed-use condo, office and ground-floor retail building. Construction permits were never filed with the Buildings Department, but renderings were created for the potential seven-story structure.
 |
| Photo courtesy of Scott Bintner/PropertyShark |
The asking price is $18.24 million, according to Cushman & Wakefield, which is marketing the site. The site has up to 96,000 buildable square feet for a mixed-use development, and its price breaks down to about $190 per square foot, which isn’t topping premium levels for sites in the neighborhood.
The property has only been on the market for about a week, but more than 50 investors have called to learn more about it, according to Stephen Preuss of Cushman & Wakefield. Preuss said he expects it to sell soon.
Written By Liam La Guerre | lguerre@queenscourier.com
Douglas Elliman Realty, Long Island City Office
47-37 Vernon Blvd, Long Island City, NY 11101
Harvey's Long Island City Real Estate Blog
“Queens is the new Brooklyn. People are seeking affordability and Queens is benefiting.”
No comments:
Post a Comment