Tag Archives: Real Estate

Industrial Properties vs. Development Sites


| spreuss@queenscourier.com


 

It has been a long time since Western Queens areas such as Long Island City were mainly a sleepy industrial area made up of truck parking lots and buildings actually used for manufacturing and storage facilities. The close proximity to Manhattan and all major thoroughfares and relatively cheaper pricing made this area an ideal location for many small to mid-size businesses for many years. Now most parking lots have been or will be slated for development sites and existing industrial buildings have or will be converted into sheek higher-end residential projects, hotels, mixed-use or office product.

We have seen a flight of industrial businesses to Eastern Queens in search or actual industrial user properties such as warehouses and land. Most of these properties which are in industrial areas in Long Island City have been turned into development properties. Their highest and best use are now for developers mostly looking for residential ground up development sites. Even though prices for buildable square footage have come down in the Western Queens market, most developers are still paying in excess of $100 per buildable square foot which in many cases far outweighs the $150 per actual in-place square footage a user can pay. As the market continues improving and construction credit and loans become more available, this trend will inevitably continue.

The flip side to this scenario is that more Easternly areas such as Maspeth, College Point, Flushing and Corona have scene an uptick in desirability for their industrial areas. Over the past several years since their Western neighbors have seen a development free-for-all, these industrial properties have seen their price per square foot nearly double consistently breaking through $100 per square foot for existing buildings. In fact, Flushing, averages over $150 per square foot for industrial buildings and close to $75 per foot just for land. Some notable industrial warehouse building sale transactions recently were: 112-20 14th Avenue in College Point sold for $136 per SF, 154-01/05 Barclay Avenue sold for $162 per SF, and 215-14 42nd Avenue in Bayside just sold for a $188 per SF!

House of the Day: Bayside – Colonial 3 Bedrooms, 2.5 Bathrooms


| jlane@queenscourier.com

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

49-01 217th St
BAYSIDE, NY 11364
Total Taxes: $5,000
List Price: $689,000

Colonial, Detached, # Families: 1
8.0 rooms, 3 Bedrooms , 2 Full Baths , 1 Half Baths

School District: Community District 26
Year Built: 1935

Construction: Brk/Stucco
Lot Size: 41X88
Appearance: Average

Interior Features
Eat-in kitchen
Dining room: Formal
Den/Family room
Full Finished Basement
Stove, Refrigerator, Dishwasher
Fireplace
Fuel/Heat Type: Gas, Hw
A/C: 3

Contact Info

Maureen Folan

Folan Real Estate Group Inc
17224 46th Ave
Flushing, NY 11358

Tel: 718-767-8200

Refer to MLS Number 2486062

House of the Day: Kew Gardens – Townhouse 7 Bedrooms, 4.5 Bathrooms


| jlane@queenscourier.com

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

80-55 Park Ln
KEW GARDENS, NY 11415
Total Taxes: $8,247
List Price: $3,125,000

 

Townhouse, Detached, # Families: 1
16.0 rooms, 7 Bedrooms , 4 Full Baths , 1 Half Baths

School District: Community District 28
Year Built: 1920

Construction: Brick
Lot Size: 70.08X125.50
Appearance: Diamond

 

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

 

Contact Info

Boris Mikhailov

Dom Realty of NY Inc
10521 Metropolitan Ave
Forest Hills, NY 11375

Tel: 718-263-4700

Refer to MLS Number 2474493

House of the Day: Rego Park Colonial – 5 Bedrooms / 3 Bathrooms


| jlane@queenscourier.com

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

63-32 Bourton St
REGO PARK, NY 11374
Total Taxes: $5,094
List Price: $1,200,000

 

Colonial,  Detached, # Families: 1

10.0 rooms,  5 Bedrooms , 3 Full Baths , 1 Half Baths

School District: Community District 28
Year Built: 1930

Construction: Bricks
Lot Size: 50X100
Appearance: Excellent

 

Interior Features
Eat-in kitchen, 2 kitchens
Dining room: Formal
Den/Family room
Full Finished Basement
Stove, Washer, Refrigerator, Dishwasher, Dryer
Fireplace
Wall to Wall Carpet
Fuel/Heat Type: Gas, Steam
A/C: 4

 

Contact Info

Domingo P DeGuzman
Gemars Realty Corp

16031 Union Tpke
Fresh Meadows, NY 11366

Tel: 718-380-3500

Refer to MLS Number 2478938

House of the Day: Floral Park Ranch – 4 Bedrooms / 4 Bathrooms


| jlane@queenscourier.com

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

338 Plainfield Ave
FLORAL PARK, NY 11001
Total Taxes: $16,506
List Price: $1,174,900

 

Ranch, Detached, # Families: 1
11.0 rooms, 4 Bedrooms , 4 Full Baths

School District: Community District 22
Year Built: 1976

Construction: Brk/Mason
Lot Size: 49 X 184
Appearance: Mint

 

Interior Features
Eat-in kitchen
Dining room: Formal
Den/Family room
Full Finished Basement
Stove, Refrigerator, Dishwasher
3 Fireplaces
Wall to Wall Carpet
Skylight: 4
Fuel/Heat Type: Oil, -
A/C: Cac

 

Contact Info

Wayne D Schmidt
Cozy Homes Realty Inc

22501 Linden Blvd
Cambria Heights, NY 11411

Tel: 718-978-3300

Refer to MLS Number 2485409

House of the Day: Flushing – 5 Bedrooms / 4 Bathrooms


| jlane@queenscourier.com

Copyright (C), Multiple Listing Service of Long Island, Inc, 2004
50-16 Parsons Blvd
FLUSHING, NY 11355
Total Taxes: $9,061
List Price:  $1,680,000

Contemporary, Detached, # Families: 1
12.0 rooms, 5 Bedrooms , 4 Full Baths , 1 Half Baths

School District: Community District 25
Year Built: 2009 , New Construction

Construction: Brick
Lot Size: 70 X 100
Appearance: Excellent

 

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

 

Contact Info

Xiu Qin Shi
Wing Fung Home Realty Grp Inc

13514 Northern Blvd # 1F
Flushing, NY 11354

Tel: 718-886-8000

Refer to MLS Number 2485363

House of the Day: Bellerose Colonial – 4 Bedrooms / 3.5 Bathrooms


| jlane@queenscourier.com

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

81-52 247th St
BELLEROSE, NY 11426
Total Taxes: $5,944
List Price: $949,999

 

A Beautiful Spacious, Ready To Move In Home. Fabulous Open Layout. Huge Master Bedroom With Attached Bath. Plus 3 More Large Bedrooms And Common Baths. Prestigious Location. One Block Away From Union Tpke.

 

Interior Features
1 kitchen
Dining room: Formal
Den/Family room
Home office
Full Finished Basement
Stove, Washer, Refrigerator, Dishwasher, Dryer
Fireplace
Wood Floors
Fuel/Heat Type: Gas, Ha
A/C: Cac
Property Features
Det 1.0 car garage
Driveway: Pvt
Porch: Yes
Deck: Yes

Contact Info

FIRST FLAG Realty Inc
4 Hillside Blvd
New Hyde Park, NY 11040

Tel: 516-673-4388

Refer to MLS Number 2471916

Click Here to View More Info and Pictures

House of the Day: Astoria Colonial 3 Bedrooms 2 Baths


| jlane@queenscourier.com

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

ASTORIA, NY 11103
Total Taxes: $6,503
List Price: $1,450,000

 

SEC/AREA: Astoria-Lic
Colonial, Detached, # Families: 1
9.0 rooms, 3 Bedrooms , 2 Full Baths , 1 Half Baths

School District: Community District 30
Year Built: 1930

Construction: Brick
Lot Size: 75 X 100
Appearance: Excellent

 

Interior Features
Eat-in kitchen, 2 kitchens
Dining room: Formal
Den/Family room
Home office
Full Finished Basement
Stove, Washer, Refrigerator, Dishwasher, Dryer
Wood Floors
Fuel/Heat Type: Oil, Steam
A/C: Y

Contact Info

Michele D’Ancona

Visit the Listing’s Website

Belzak & Bodkin Realty Corp

146 Medford Ave
Patchogue, NY 11772

Tel: 631-758-0557
Visit Our Website     Email Office

Refer to MLS Number 2438551

House of the Day: 240-02 66th Avenue Flushing


| jlane@queenscourier.com

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

240-02 66th Avenue

This home is all about location! Smack dab in the middle of school District 26, this home is within walking distance of shopping, theatres, supermarkets, local restaurants and banks. There is even an express bus to Manhattan that stops nearby. Total taxes for this home are $4,626 and the listed price of this home is $598,000. The lot size of this home is 20X100.

This home is provided by Hu Business Intl Group Co., Ltd. 133-46 37th Avenue Apt 1, Flushing, NY 11354.

718-762-2688. For more info, visit www.hubzg.us.

House of the Day: Douglaston 3 Bedroom 2.5 Bathrooms


| jlane@queenscourier.com

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

240-31 67th Avenue

This three-bedroom home in a prime Doulaston location has spacious bedrooms, two-and-a-half baths and a sunny and warm interior. Conveniently located close to shopping and transportation, you will never worry about getting all your errands done on time. This house is also located near some of the best schools in Queens – P.S. 221, M.S. 67 and Cardozo High School. Total taxes for this home are $5,106 and the listed price is $595,000. The lot size of this home is 20X100.

This home is provided by Keller Williams Rlty Landmark, 32-55 Francis Lewis Boulevard, Flushing, NY 11358.

718-475-2700. For more info, visit www.kwnyhomes.com.

House of the Day: Bayside Colonial 4 Bedroom 4 Baths


| jlane@queenscourier.com

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

 

56-30 E Hampton Blvd
BAYSIDE, NY 11364
Total Taxes: $5,679
List Price: $950,000

 

SEC/AREA: Oakland Gardens

Colonial, Detached, # Families: 1
12.0 rooms, 4 Bedrooms , 4 Full Baths

 

School District: Community District 26
Year Built: 2000

 

Construction: Brick
Lot Size: 50 X 100
Appearance: Excellent

 

10 Years Rebuild From Bottom To Top, New Outer Wall, Windows, Doors, Roof & Backyard. Lovely Maintained Charming Colonial, Jacuzzi Room With Sauna Steaming Room, Lots Of Closet. Close To Cardozo High School.

 

Read More: MLSLI.COM


House of the Day: 1 Family Brick Tudor in Maspeth


| jlane@queenscourier.com

Maspeth Brick Tudor 1 Family Home

Maspeth: Brick Tudor 1 family in Maspeth Plateau 3brs 2.5bths full finish base private driveway updated kitchen & baths, hardwood floors, ample closets. View of the Manhattan Skyline. Excellent move in condition, great location must see.

 

 

Eddie Saeed

Cell: 917-846-4638
eddie.saeed@gmail.com

Broker Associate / Since 1989
When You Are Ready “Sell With Eddie”

President’s Circle 2009 / Top 3%
Leading Edge Society 2008-2010-2011
President N.E.Q.C (L.I.B.O.R) 2009-2010
Prudential Douglas Elliman RE
Ranked # 1 in New York
Cell: 917-846-4638
Oh, by the way…
I am never too busy for your referrals!

49 Avenue and 5th Street to become new retail cluster in LIC?


| ddynak@queenscourier.com

5-28 49 ave retail new

Up until recently, the Chocolate Factory Theater was the only commercial space on 49th Avenue west of Vernon Blvd. When Case Enrique, a Mexican cuisine restaurant opened last week next to what locals call the Shady Park (official name is Andrews Playground), we started to predict a new retail block for Hunters Point. There is evidence to support such plans. Besides Plaxall’s planned mixed-use building at 49-09 5th Street, which will feature a small storefront on the ground floor, we have just began to market a wonderful new 6,200-sq-ft retail space at 5-28 49 Avenue. Formerly an auto shop, the property actually runs all the way through to 50th Avenue on the other side, and is adjacent to a lovely garden managed by NYC Dept of Parks.

 

What will it be? Another restaurant? A long-awaited hardware store, perhaps?

Hunters Point’s Newest Condo – 51st Avenue, between Vernon & 5th St


| ddynak@queenscourier.com

529 51 ave

Finally something happening on the empty lot on 51st Avenue between Vernon Blvd and 5th Street. The 10,000-plus square foot site of previously-rumored Met Foods at 5-29 51 Ave was purchased in November 2011 for $2.5 million, to soon become the newest condo development in Hunters Point. A development team behind similar small condominium project in LIC is clearly betting on recent strengthening in prices, coupled with reduced supply, now that most ofLong IslandCity’s condos are close to 100% sold. No retail space is planned for the ground floor, unfortunately, so at least for now Ale Wife restaurant/bar right across the street and Flo-re-sta florist will remain the only retail establishments on the block.

House of the Day: Long Island City 4 Bedrooms 2.5 Baths


| jlane@queenscourier.com

Copyright (C), Multiple Listing Service of Long Island, Inc, 2004
21-30 45th Ave
LONG ISLAND CITY, NY 11101
Total Taxes: $2,506
List Price:  $769,000

Other,  Attached, # Families: 1
10.0 rooms,  4 Bedrooms , 2 Full Baths , 1 Half BathsSchool District: Community District 30
Year Built: 1881

Construction: Brick
Lot Size: 16 X 100
Appearance: Good

 

Interior Features
Eat-in kitchen, 2 kitchens
Dining room: Lr/Dr
2 stoves, Washer, 2 refrigerators
Fireplace
Wall to Wall Carpet
Fuel/Heat Type: Gas, Steam
A/C: 1

 

Contact Info
Request a Showing

Teodora E Gomez

E-Mail Realtor

ERA/Top Service Realty Inc

21921 Jamaica Ave
Queens Village, NY 11428

Tel: 718-464-5800
Visit Our Website     Email Office

Refer to MLS Number 2444123