FOR BREAKING NEWS VISIT www.queenscourier.com february 19, 2015 • REAL ESTATE • The Queens Courier 41 ▶ real estate Selling point: Flushing rehab center sells for $64M and more big sales BY LIAM LA GUERRE [email protected] @LiamLaGuerre Huge properties were sold in Queens over the week, including the final lot for the Hallets Point project in Astoria, a Sunnyside church and a rehabilitation center in Flushing. Here’s a rundown of the transactions based on records filed with the city. Address: 1-02 26th Ave. Price: $15,000,000 Durst Organization purchased 1-02 26th Ave., which is the final parcel needed for the 2,400-unit Hallets Point mega project. The real estate firm can now move forward with the 2.5-million-square-foot project. Address: 36-17 Parsons Blvd./35-15 Parsons Blvd. Price: $46,921,500/$17,328,725 FilBen Group, which builds, owns and operates Flushing Manor Nursing & Rehabilitation center at 35-15 Parsons Blvd. for $17.3 million. Address: 34-22 35th St. Price: $8,000,000 Developer Peter Volandes of Volmar Construction filed last month to build a seven-story, mixed-use, 65-unit residential building on this vacant lot, which sits near Kaufman Astoria Studios and the Museum of the Moving Image. Whitestone-based Damroc Realty sold the land to Volmar Construction on Wednesday for a total of $8 million, according to city property records. The project is being designed by Kutnicki Bernstein Architects and includes nearly 1,000 square feet for a commercial space and 33 parking spaces. Address: 94-00 Ditmars Blvd. Price: $18,000,000 LNR Partners LLC sold Clarion Hotel near LaGuardia Airport to 9400 Realty LLC, which is based in Manhattan. The sale for $18 million was recorded on Feb. 10. Address: 40-05 Skillman Ave. Price: $4,000,000 Eunhasu Corporation bought Moak Yung Presbyterian Church for $4 million, according to property records filed with the city on Feb. 9. The firm recently also bought a four-story building in Long Island City near the waterfront last month for $12 million. “Exceeding your expectations.” PATCHOGUE senior housing and health care facilities, purchased the Dr. William O. Benenson Rehabilitation Pavilion in Flushing at 36-17 Parsons Blvd. for $46.9 million, according to records filed on Wednesday. The purchase included the nearby Better Than Brand New; This 3 Bedroom, 1 Full Bath Ranch Has Been Completely Renovated Sparing No Expense. Delight Your Senses In This Bright & Airy Home Featuring Granite, Stainless, Marble & Wood. Brand New Roof, Windows & Doors. Explore The Fabulous Fun & Activity Filled Village Of Patchogue. Close To Maintenance Free Living For Just $268,972. MARIA PASCARETTI [email protected] • (631) 741-7156 ••• Call Maria today to schedule a showing! ••• Photo courtesy of Christopher Bride/PropertyShark BY LIAM LA GUERRE [email protected] @LiamLaGuerre Even more development is coming to Jamaica—this time on the site of a police department parking garage. Not long after Mayor Bill de Blasio’s pledge to focus on creating more housing with his State of the City address, the NYC Economic Development Corporation (EDC) officially announced a request for proposals to develop hundreds of market rate and affordable units out of an NYPD parking garage in downtown Jamaica. The 59,500-square-foot site at 93rd Avenue and 169th Street could also include ground-floor retail, according to the EDC, which set an April 30 deadline for developers to submit plans for the lot. Of course the project is consistent with de Blasio’s goal to build and preserve 200,000 affordable housing units in 10 years. The two-story garage is currently used by cops, and will have to be entirely demolished to construct the new project, according to the EDC. But it’s a price the city is willing to pay for more housing. “The 168th Street garage site holds powerful potential to serve the Jamaica neighborhood with affordable housing and other amenities, while building upon the area’s strengths as a commercial, cultural and transit hub,” said EDC President Kyle Kimball. Police vehicles will have to be “accommodated” in order to redevelop the site, the EDC said. The development could create 400 construction jobs and 80 permanent jobs, the EDC said, and would add another project to the dizzying amount of construction coming to Jamaica near the downtown spurred by under-utilized lots, cheap land prices, high traffic and access to a massive transportation hub. This includes Greater Jamaica Development Corporation (GJDC) giving its twin parking lots near 90th Avenue and 168th Street to Blumenfeld Development Group for a jumbo mixed-use residential and commercial project, with more than 265,000 square feet of space. The GJDC is also working on a $225 million, 29-story residential and commercial tower across from the AirTrain and LIRR station on Sutphin Boulevard. Not far away on Sutphin Boulevard, Able Management Group is constructing a 210-key hotel, and nearby York College has 3.5 acres of on-campus land that could be home to new companies that want to move into the area to partner with the institution through Gov. Andrew Cuomo’s START-UP NY tax-break program. TCX Development’s seven-story luxury rental building on Hillside Avenue is nearing completion, and some major properties have also hit the market or were recently sold, including a $22 million sale of a huge garage and commercial strip at 163- 05 and 163-25 Archer Ave. There are already plans to develop the property into a housing and retail mix, according to a published report. Also, the Jamaica Colosseum Mall, which was formerly a Macy’s department store, also hit the market for an astounding $45 million. And finally, the Department of Housing Preservation and Development recently announced that it is accepting plans from developers for 17 vacant city-owned sites in Jamaica to create more affordable housing. Photo courtesy of Scott Bintner/PropertyShark The Dr. William O. Benenson Rehabilitation Pavilion City accepting proposals to develop NYPD parking garage in downtown Jamaica
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