Real Estate
Large 8-acre site along Long Island
City waterfront goes on sale
BY ANGELA MATUA
AMATUA@QNS.COM
A 326,000-square-foot site that sits
along the Newtown Creek in Long Island
City is currently on sale.
The site, at 55-01 Second St., cur-rently
houses City Harvest‘s food rescue
facility and New Sensor, a guitar part
manufacturer. According to the New
York Post, the family-owned site could
go on sale for as much as $480 million.
Real Estate firm Newmark Knight
Frank is handling the sale, which can
also be a long-term lease if the buyer
would prefer that option, the Post re-ported.
If the buyer decides to turn the
property into a residential site, the
space could accommodate four tow-ers,
according to the Post. Just 20
minutes away, the city announced it
would develop two sites totaling 1.5
million square feet. The city-owned
lots will be transformed into mixed-income
housing, a school, and com-mercial
and industrial space.
Long Island City residents have
expressed frustration with the way
rapid development has been handled
in the area and some have called for
more input on what kinds of projects
developers can place in the neigh-borhood.
14 NOVEMBER 2017 I LIC COURIER I www.qns.com
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