Real Estate
A Little Hollywood
BY EMILY DAVENPORT
A renowned actor is report-edly
part of a contract to
buy a 5.25-acre lot in
Astoria.
A report from Commercial Observer
says that the site, located at 87 19th
Ave., is under contract for $73 million.
Those purchasing the space include
the development firm Wildflower, ac-tor
Robert De Niro, his son Raphael
De Niro and business partner Jane
Rosenthal.
The lot is being sold by piano manu-facturer
Steinway.
16 JUNE 2019 I LIC COURIER I www.qns.com
The site is expected to be turned
into a 500,000-square-foot film stu-dio,
complete with a pre-production
and post-production office and a
parking facility.
The whole deal has an an-ticipated
cost of $425 million.
Sources told the Commercial
Observer that the $150 million
in equity and $275 million in
debt for the project will be raised
by the Newmark Knight Frank’s
Dustin Stolly and Jordan Roe-schlaub.
The deal is expected to close by the
end of 2019.
in Queens
Robert De Niro involved in purchase of Astoria lot
with sights on a building film studio: reports
/www.qns.com
/www.qns.com
