■REAL ESTATE By Angela Matua Luxury rental building with 428 units coming to LIC in 2017 A new 428-unit development will be added to the long list of luxury rentals popping up in Long Island City. Lightstone, a Manhattan developer, is leading the project, which will include studios and one- and two-bedroom apartments at 30-02 39th Ave. The plan for the 10-story building currently includes 290,774 square feet designated for residential use and 3,181 square feet for commercial use. The project will span an entire city block, with addresses including 30-07 40th Ave., 30-17 40th Ave., 39-02 31st St. and 39-01 30th Street. The plan also includes 214 parking spots. Amenities for tenants will include a rooftop club with an outdoor pool, a section for barbecuing, an amenity room featuring a library, work areas, game rooms and an entertainment lounge. Tenants looking to work on their fitness can do so in the proposed spin room, yoga studio, golf simulator and basketball court. Gerner Kronick + Valcarcel Archi is the architect firm responsible for the design. Curbed first reported the story. Construction is set to be completed in summer 2017. Joint buildings in LIC on sale for $29M The real estate market in Long Island City shows no signs of cooling down. Cushman & Wakefield announced on Tuesday that two buildings located at 45-01 Northern Blvd. and 34-08 46th Street are on sale for an asking price of $29 million. The buildings are on the same block and are being offered together. The 45-01 Northern Blvd. building, located between 45th and 46th Streets, is a retail and office structure with approximately 283 feet of frontage on the northeast corner of Northern Boulevard. It includes two billboards on the roof which face Northern Boulevard and 45th Street. The property is currently overbuilt and “a great opportunity for an investor or user looking for a property with upside potential,” according to a press release. The 34-08 46th St. property, located between 34th Avenue and Northern Boulevard, is a two-story mixed-use building that includes two commercial units and one residential unit with parking for up to six cars. The property allows for an additional 12,00 square feet of space to be built. “Both properties present a truly unique owner/investor opportunity along the busy Northern Boulevard corridor in Long Island City,” said David Chkheidze of Cushman & Wakefield, who is exclusively marketing these properties along with Conrad Martin. “The properties offer a tremendous footprint in Long Island City and potential buyers will benefit greatly from both the accessibility and visibility of this site.”
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