Construction work has already begun for a new mixed-use building at the corner of 50th Avenue and Vernon Boulevard in Long Island City, but now there’s a slightly clearer picture of what the structure will look like.
Veteran broker Susanna Hof has deep roots in Forest Hills, where real estate has been part of her family for generations. Hof recently spoke to Real Estate Editor Liam La Guerre about the residential market in Forest Hills.
Queens Plaza Park Development LLC bought the tower, which was the former Bank of Manhattan building, and an adjoining vacant site for a combined $77 million, according to property records filed with the city on Saturday.
Not long ago foundation work was completed for a 11-story mixed-use residential and retail building in Long Island City. Now construction work is moving on the ODA-designed project, and the lower levels of the 22-22 Jackson Ave. building are starting to take shape.
Modern Spaces is marketing multiple condos in Long Island City near the $3 million mark. The high luxury listings reflect surging prices in the neighborhood, according to Eric Benaim, CEO and founder of the real estate firm.
The developer of a Rego Park building was forced to pay a combined $100,000 in restitution and back wages after ignoring legal obligations for receiving tax benefits, according to Attorney General Eric Schneiderman.