38 The QUENS Courier • REAL ESTATE • february 26, 2015 for breaking news visit www.queenscourier.com Developer unveils rendering of huge mixed-use Astoria building ▶ real estate BY LIAM LA GUERE [email protected] @liamlaguerre Developers of a large mixed-use residential and commercial project in Astoria unveiled the first rendering of what the project will look like once it is completed. The parking lot at 31-57 31st St., which was recently purchased for $17.35 million, will become a sevenstory, 114-apartment building designed by SLCE Architects. The building is set to open in 2016. The construction plans include nearly 23,000 square feet for retail and more than 130 parking spots. The new development, which will be marketed by MNS Real Estate, will contain a mix of studios, one-, two- and three-bedroom apartments. Rendering courtesy of MNS Real Estate Selling Point: Retail property in Jackson Heights fetches $16.4 million and more sales BY LIAM LA GUERE [email protected]/@liamlaguerre A couple of buildings located on the Jackson Heights commercial strip and an apartment building with nearly 50 units in Flushing are some of this week’s big transactions in the borough, based on city records. Address: 37-46/48 82nd St./37-50 82nd St. Price: $16,425,000 A group of investors bought these adjoining commercial properties at 37-46 through 37-50 82nd St. for $16.7 million. Clark Stores Inc., a firm based in Manhattan, is the seller. Jackson Heights Retail LLC, one of the buyers, now has a majority stake in the buildings, according to property records filed on Feb. 19. The larger two-story building at 37-46 82nd St. was once home to a women’s apparel store called Clark’s and later a KB Toys before the company went out of business. Combined, the buildings, which have two floors each, have more than 12,400 square feet of space. The property is part of the Jackson Heights Historic District. Address: 41-40 Parsons Blvd. Price: $10,750,000 This corner property is a six-story multi-family rental apartment building in Flushing with 48 units. There is a mix of studios and one- and two-bedroom apartments in the building. There is more than 44,000 square feet of living space in the structure, which is a few blocks from Main Street. Wai Realty Corp. bought the property for $10.7 million from Bronx-based Bright & Sunny Corp., according to city records filed on Feb. 20. Address: 48-05 Metropolitan Ave. Price: $7,000,000 WM Capital Partners XXV LLC bought this old manufacturing-zoned building in Ridgewood for $7 million, according to records filed on Feb. 17. The building has nearly 141,000 square feet of space. Photo courtesy of Scott Bintner/ PropertyShark 37-46/48 82nd St.
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