Tag Archives: Real Estate

Former Glendale auto body shop sold for $2.4 million

| agiudice@ridgewoodtimes.com

Photo courtesy Right Time Realty

The site of the former Central Automotive and Collision Services in Glendale has been sold for $2.4 million in an all-cash, off-market transaction.

The former auto body shop sits on 12,000 square feet of land at 64-25 Central Ave. and 70-36 64th Pl., and will be renovated by the new owners, identified as Greenpoint-based R King Windows, and made available for rent or leased to several retail stores in the coming months.

Right Time Realty, the brokers that handled the Atlas Terminals sale to Broadway Stages, facilitated this deal and will handle the renting or leasing of the retail spaces once they are ready for use, to Joe Ibrahim, Right Time Realty’s president.

It is not yet known how many retail spaces will be constructed on the site, how large each space will be, or what industries will be interested in renting or leasing out each space.


Luxury apartment building above Rego Center now available for leasing

By Queens Courier Staff | editorial@queenscourier.com

Photo courtesy of Cahn Communications


The Alexander at Rego Center, a new luxury rental building located at 61-55 Junction Blvd. in Rego Park, is now available for leasing and immediate occupancy.

The new building has 312 residential units ranging from studios to one- and two-bedroom apartments. The luxurious interior design includes 9-foot ceilings, white oak flooring, Caesarstone quartz countertops and Italian porcelain tiles in bathrooms and kitchens, and Whirlpool stainless steel appliances. Rents start from $2,045 for a studio, $2,455 for a one-bedroom apartment, and $3,130 for a two-bedroom apartment.

The building’s amenities are designed to provide opportunities for plenty of recreational and social activity, and include a fitness center, a game room and lounge with a kitchen and fireplace, indoor and outdoor children’s playgrounds, and an outdoor terrace with seating, cabanas and a barbecue area. The building also includes onsite parking and bike storage. Pets are allowed.

The Alexander rises 27 stories above Rego Center, putting it in close proximity to a wide variety of shopping and dining options. It is also located within walking distance of the 63rd Drive station on the M and R subway lines, as well as the Long Island Expressway.

“We’re very excited to introduce The Alexander to the Rego Park community,” said Geoff Smith, vice president of development for Vornado Realty Trust. “This vibrant, family-friendly area has a strong sense of community and is bustling with retail, dining and recreational activities. We believe The Alexander is a perfect complement to the area, and one that will attract both existing and new residents who are drawn to Rego Park’s attributes and desire a more modern, amenity-rich lifestyle.”


See it: Malba home with saltwater pool selling for nearly $4.2M

By Queens Courier Staff | editorial@queenscourier.com



For nearly $4.2 million, potential residents of the four-bedroom, four-bathroom house at 4 Point Crescent, in Malba, can enjoy picturesque views of the East River and the Whitestone Bridge.

This eight-room home, listed by Douglas Elliman Real Estate, features two eat-in kitchens, one on the first floor accompanied by a formal dining room, and one in the basement. The basement itself is spacious and ideal for a family room or den, and includes office space and a laundry room. A second family room on the first floor comes with a gas fireplace, making it a cozy place for a family to gather in the wintertime.

During the summer, residents can cool off with the in-ground saltwater pool. For those who like to swim during cooler weather, the pool can be heated.


This house also features a detached three-car garage, an in-ground sprinkler system, and a backyard patio.


Flushing Met Food Market to close after July 26

By Queens Courier Staff | editorial@queenscourier.com

THE COURIER/Photo by  Kirsten E. Paulson


The Met Food market in Flushing will be closing its doors after Sunday, July 26, to make way for a new development.

After more than 30 years of operation, the independently owned neighborhood grocery store, located at 41-62 Bowne St., is shutting down following a decision by owners Abel and Ahmed Saleh to sell the property.

In an interview, store manager Ziyad Saleh said the property has been purchased by a number of investors who plan to raze the building and existing foundation, which cannot support more than two stories. The property’s new owners plan to build a new foundation for a new, taller building.

However, that’s just about the only thing that’s certain about the future of the site. Rumors and speculation abound about what’s coming to the neighborhood next; many suspect the new structure will be an apartment building or condominium, while others believe it will become a new grocery store stocked with items to attract customers from the neighborhood’s expanding Asian population.

The latter speculation might have some grain of truth to it. In the same interview, Saleh mentioned that he had heard that the investors who purchased the property have discussed the possibility of putting another brand-name supermarket on the ground level of the building once construction has been completed.

“Nobody knows [what it will be] yet. It’s still early,” Saleh said.

Reactions to news of the store’s closure have been mixed, and range from acceptance and resignation to shock and sadness. Numerous shoppers, particularly the elderly and those with physical disabilities, expressed concerns and worries about how they would be able to do their monthly shopping after the store closes.

This particular Met Food was the only store in the area that offered home deliveries on purchases of $25 or more, making it an ideal place to shop for people unable to drive or carry heavy bags.

Several patrons interviewed at the store said that they had been shopping there for more than 20 years. For them, the store’s closing is the end of an era.

“It’s gonna be missed,” Saleh said, echoing the same sentiment expressed by customers.



Co-working company to open space in Astoria: report

By Queens Courier Staff | editorial@queenscourier.com

Photo courtesy PropertyShark/Ed Fahoury

A co-working company that has locations throughout the nation and around the world has set its eye on Queens for its next home, according to a published report.

WeWork, which provides individuals and groups with work space, community and services, has leased a 60,000-square-foot space at 35-37 36th St. in Astoria, the Commercial Observer reported.

The space, which has been reportedly leased for 15 years and is expected to open by early 2016, is located at Studio Square, which is also home to the Studio Square beer garden and Miami Ad School.

The six-story building is owned by the Vanbarton Group, which bought it last June for $29.2 million.

WeWork is also reportedly looking to lease locations in Long Island City.


Long Island City apartment building sells for nearly $2.5M

By Queens Courier Staff | editorial@queenscourier.com

Photo courtesy of PropertyShark/Scott Bintner


Long Island City has yet another multi-million dollar real estate deal.

The building located at 34-27 37th St. has sold for nearly $2.5 million, according to commercial real estate investment firm Marcus & Millichap.

Investment specialists Matthew Fotis, Zachary Golub and Lazarus Apostolidis were responsible for arranging the sale of the eight-unit apartment property on behalf of a private investor, as well as securing and representing the buyer, also a private investor.

“The building shows increased interest in the western Queens residential market. As the rental market increases, investors project more aggressive future rents,” Fotis said.


Abandoned Maspeth gas station to become mixed-use facility

| agiudice@ridgewoodtimes.com

RIDGEWOOD TIMES/Photo by Anthony Giudice

Updated July 23, 10:20 a.m.

Rumors have surfaced about plans to erect a two-story, mixed-use building on the site of a long-unused gas station in Maspeth.

The speculation floated on local Facebook pages noted that the proposed building at 58-60 Brown Pl. would be 11,000 square feet in size, including 5,500 square feet of retail space on the first floor with a healthcare facility located on the second floor.

According to Community Board 5 (CB 5), the triangular piece of land was once a gas station and currently has a commercial overlay of C1-3, which would allow the construction of a commercial building on the site. The rumored retail space/healthcare facility would fall within the parameters of the overlay.

Plans posted on the Department of Buildings website, filed on July 14, call for the construction f a two-story “commercial and community facility building” encompassing more than 10,996 square feet. These plans were filed under the address 58-38 69th St., which shares the block and lot with 58-60 Brown Pl.

Between 1991 and 2006, the vacant gas station racked up seven building code violations, with most of them concerning the illegal use of the open lot where individuals would sell furniture, according to the city Department of Buildings. The open lot has since been fenced in to avoid any further illegal activity taking place there.

CB 5 has yet to receive any demolition notices for the site.

Editor’s note: An earlier version noted that the latest plans for the site on the Department of Buildings online database dated back to 2010. We regret any confusion which may have resulted.




Public comment period open for cleanup of Ridgewood site

| agiudice@ridgewoodtimes.com

Photo courtesy New York City Office of Environmental Remediation

The latest site in an industrially zoned area of northern Ridgewood slated for redevelopment requires a serious cleanup, according to the state Department of Environmental Conservation (DEC).

A recent report found that there were several semi-volatile organic compounds (SVOCs) and metals above cleanup guidelines at the site, located at 175 Woodward Ave., which had been used for storage of wooden pallets and shipping containers. Two mixed-use buildings, with ground-floor commercial space and apartments above it, are slated to rise on the site.

Soil vapor samples taken from the location revealed chlorinated solvents above the monitoring/mitigation level ranges established by the state Department of Health.

Now that the extent of the contamination has been assessed, the DEC is drafting a Remedial Action Work Plan (RAWP) to propose remedial actions to clean the site for redevelopment.

The RAWP proposes two cleanup options for the site: an unrestricted use soil cleanup plan, which would remove an estimated 850 tons of soil/fill from the site and properly dispose of it off-site; or the construction of a depressurization system underneath the building.

The unrestricted use option would, for development purposes, require that 75 percent of the property be excavated to depths of 11 feet below grade, while the remaining 25 percent will be excavated to 4 feet below grade. In addition, a hotspot area identified within 4 feet of the excavation site will be further delineated and excavated to depths of 14 feet below grade.

If the unrestricted use proposal is not selected, the DEC will move forward with plan B, which includes the installation of an active sub-slab depressurization system and a soil vapor barrier/waterproofing system below the concrete slab, as well as behind foundation walls of the proposed building. The plan also calls for the construction and maintenance of an engineered composite cover consisting of 6 feet of concrete slab below the footprint of the new building, and a concrete cap for the rear yard portion.

Before any form of cleanup takes place, the Office of Environmental Remediation (OER) is accepting public comments on the draft RAWP.

Residents can submit comments to Amanda Duchesne, project manager for OER, at 100 Gold Street, 2nd Floor, New York, NY 10038, by phone at 212-341-2077 or by email at ADuchesne@dep.nyc.gov; and Shaminder Chawla, deputy director for OER at the same mailing address, by phone at 212-442-3007 and by email at SChawla@dep.nyc.gov.

The OER is accepting public comments on the draft RAWP for until Aug. 15.


See it: Contemporary Bayside Gables mansion selling for $6.5M

By Queens Courier Staff | editorial@queenscourier.com

Photo courtesy of Douglas Elliman Real Estate and MLSLI


With a full-sound recording studio, media room and bar, the contemporary house at 214-40 27th Ave. in Bayside is a musician’s dream and an entertainer’s delight.

This house, which is listed by Douglas Elliman Real Estate for a price of $6.5 million, offers six bedrooms and five and a half bathrooms, and a total of nearly 20 granite-floored rooms.

An open floorplan kitchen and formal dining room on the first floor are ideal for anyone who loves to cook and prepare delectable meals for family and friends. For those who prefer more solitary dining, as well as outdoor seating, there’s a kitchenette and two private terraces to choose from on the second floor. Residents of this house can stay in shape with a third-floor gym, and cool off with a swim in the backyard in-ground pool.

Other features of this house include a laundry room, five fireplaces, a four-car garage, and an in-ground sprinkler system.


Huge mixed-use waterfront complex planned for former Flushing supermarket site

By Queens Courier Staff | editorial@queenscourier.com

Photo courtesy of PropertyShark/Scott Bintner


The former Asian grocery Assi Plaza, located in Flushing, is about to change hands again to make way for redevelopment.

Eastern Consolidated’s Capital Advisory Division has negotiated a $42 million bridge loan from a private lender on behalf of Triple Star Realty LLC, which used the loan to purchase the nearly 100,000-square-foot property on which the former supermarket sat. The total acquisition cost was upwards of $90 million.

Triple Star Realty plans to raze the existing structures on the former supermarket site in order to develop a 631,752-square-foot, mixed-use waterfront complex that will consist of a 360-unit condominium and a 200-room hotel, as well as a supermarket, retail and office space, and parking. The development will be comparable to other large-scale projects, such as Sky View Parc, Flushing Commons and Willets Point.

Located at 131-01 39th Ave., Assi Plaza had served the Flushing community from 1994 until September 2014, when it was sold to Outlet Plaza LLC by Rhee Brothers Inc., which owns the supermarket chain.

“Through Eastern’s close relationship with the lender and the hard work of all involved, we were able to negotiate a larger loan and facilitate the closing,” said Jonathan Aghravi, the managing director of Eastern Consolidated’s Capital Advisory Division, who helped lead the financing team. “We now look forward to working with the borrowers on procuring the construction financing for the project.”



Astoria multifamily building on sale for $1.5M

By Queens Courier Staff | editorial@queenscourier.com

Photo courtesy of Cushman & Wakefield

A three-story, six-unit building near Astoria Park and the new Astoria Cove development site has hit the market, according to real estate company Cushman & Wakefield.

The multifamily building located at 429 27th Ave. in Astoria is being exclusively sold by Cushman & Wakefield and has an asking price $1,500,000.

The site contains about 4,080 square feet on a 20-foot-by-100-foot lot and the building consists of two two-bedroom units and four one-bedroom units. All are rent stabilized.

“The way Astoria’s waterfront is being developed will have such a positive impact on the properties in the near vicinity, so we are seeing a lot of interest in that part of the neighborhood,” said David Chkheidze of Cushman & Wakefield, who is exclusively marketing this property with Ilya Tolmasov.

“This building offers tremendous upside potential in an area that is rapidly emerging,” Tolmasov added.


LIC building set to be completed by end of summer

By Queens Courier Staff | editorial@queenscourier.com

A rendered image of the completed building.


Façade work at 22-22 Jackson Avenue is nearly done, with about 95 percent of the building covered in glass windows.

According to The Court Square Blog, the 182-unit Long Island City building is set to be completed by the end of the summer, which is right on time with its construction schedule.

The building will have 118,563 square feet devoted to residential units and 5,723 square feet set aside for retail space. The building will also include amenities and luxuries such as storage for bikes, a library, a pool, a gym, a lounge, a communal rooftop space, enclosed parking and private terraces.



See it: Meticulously restored Forest Hills home with wine cellar listed for $1.85M

By Queens Courier Staff | editorial@queenscourier.com

Photos courtesy of Terrace Sotheby's International Realty


The house at 69-36 Harrow St. in Forest Hills offers comfort and luxury with five bedrooms, four and a half bathrooms, a wood fireplace with an elegantly carved mantle, and a 750-bottle wine cellar.

With a main-floor speaker system, a family room, and a rec room on a lower level, this home is ideal for an owner who loves entertaining guests, whether for an evening or a weekend. A spacious backyard provides the perfect setting for a garden party, while a sleek, modern kitchen and roomy dining area come ready-made for hosting dinner parties. The top floor of the home is just the right size for a cozy guest room, while a two-car garage could store a family car and a visitor’s car.

For the owner themselves, the master bedroom is spacious, well-lit, and comes with his-and-hers closets.

Other amenities of the house include cable- and Internet-ready wiring, a security system that includes interior and exterior cameras, and a lawn sprinkler system.

The house is listed by Terrace Sotheby’s International Realty for a price of $1.85 million.


Would-be burglar fails to get into Forest Hills real estate office: NYPD

By Queens Courier Staff | editorial@queenscourier.com

Photo courtesy of NYPD

The 112th Precinct is looking for the suspect who unsuccessfully attempted to burglarize a real estate office in Forest Hills on Monday afternoon.

According to police, the perpetrator allegedly lifted the screen of an open window at the Garden Square Realty office located at 4 Dartmouth St. at about 2:25 p.m. An employee reportedly spotted the would-be burglar, who then took off through the nearby West Side Tennis Club and to an unknown location.

The NYPD describes the burglar as a black male in his 40s standing 6 foot 1 inch tall who was last seen wearing a blue, orange and white shirt; a black hat; blue jeans; and white sneakers.

Anyone with information is asked to call Crime Stoppers at 800-577-TIPS (8477). The public can also submit their tips by logging onto the Crime Stoppers website or can text their tips to CRIMES (274637), then enter TIP577. All calls are strictly confidential.


House of the Day: New Hyde Park Colonial – 4 Bedrooms, 2.5 Bathrooms

| jlane@queenscourier.com

Copyright (C), Multiple Listing Service of Long Island, Inc, 2004

Total Taxes: $13,328
List Price: $779,000

Colonial, Detached, # Families: 1
9.0 rooms, 4 Bedrooms , 2 Full Baths , 1 Half Baths

School District: Community District 5
Adult Community
Year Built: 2003

Construction: Brick/Vnyl
Lot Size: 50X100


Interior Features
Eat-in kitchen
Dining room: Formal
Den/Family room
Full Finished Basement
Stove, Washer, Refrigerator, Dishwasher
Wood Floors
Fuel/Heat Type: Gas, Hw
A/C: Cac

Contact Info

Sophia Tseng

East Coast, REALTORS Inc
3520 Bell Blvd
Bayside, NY 11361

Tel: 718-428-2900

Refer to MLS Number 2471955