REAL ESTATE LIC commercial building up for sale, ripe for conversion or development Photo courtesy CBRE 47-01 Van Dam St. Sales in Queens HOMES – CO-OPS – CONDOS Listings and photos courtesy MLSLI NORTHWEST NORTHEAST SOUTHWEST SOUTHEAST SUNNYSIDE BAYSIDE HOWARD BEACH JAMAICA ESTATES $400,000 & Under 44-06 25th Ave., Astoria Price: $345,000 Bed(s): 2, Co-op Bath(s): 1 Broker: Xenophon Yialias, Douglas Elliman Real Estate $400,000 - $800,000 50-59 40th St., Sunnyside Price: $739,000 Bed(s): 3, Attached two-family Bath(s): 2 Broker: Debra Chiappetta, Stonington Realty LLC $800,000 + More 32-28 30th St., Long Island City Price: $1,300,000 Bed(s): 6, Two-family colonial Bath(s): 3 Broker: Anthony Tamboni, TMT Realty Group LLC $400,000 & Under 36-20 168th St., Flushing Price: $388,000 Bed(s): 1, Condo Bath(s): 1 Broker: Won Jong Choi, East Coast Realtors Inc. $400,000 - $800,000 163-24 16th Ave., Whitestone Price: $798,000 Bed(s): 3, Single-family Cape Cod Bath(s): 2 Broker: Joseph DeSabato, Carollo Real Estate Inc. $800,000 + More 36-25 222nd St., Bayside Price: $2,690,000 Bed(s): 4, Single-family Mediterranean Bath(s): 2 Full/ 2 Half Broker: Po Wei Tair, RE/MAX Universal Real Estate $400,000 & Under 62-48 Mt. Olivet Cres., Middle Village Price: $329,000 Bed(s): 1, Condo Bath(s): 1 Broker: Tadeusz Kotlarz, Century Homes Realty Group LLC $400,000 - $800,000 89-24 74th Ave., Glendale Price: $750,000 Bed(s): 3, Single-family Townhouse Bath(s): 2 Broker: Christine Wei, Exit Realty One $800,000 + More 98-07 165th Ave., Howard Beach Price: $939,000 Bed(s): 4, Detached single-family Bath(s): 3 Broker: Sasha Torres, Connexion 1 Real Estate Services PICTURED LISTING $400,000 & Under 102-36 188th St., Hollis Price: $389,000 Bed(s): 3, Single-family attached Bath(s): 3 Broker: Maria Mesa, Parkview Realty LLC $400,000 - $800,000 198-17 111th Ave., St. Albans Price: $599,999 Bed(s): 5, Two-family colonial Bath(s): 4 Broker: Almog Ohayon, Getmore Realty Inc. $800,000 + More 181-35 Tudor Rd., Jamaica Estates Price: $1,749,000 Bed(s): 4, Single-family English Tudor Bath(s): 4 Broker: Solomon Davydov, Exit Realty First Choice BY LIAM LA GUERRE lguerre@queenscourier.com @liamlaguerre An old Long Island City manufacturing building that was transformed into offi ce space has been listed for sale and could be converted yet again. The 54,000-square-foot building at 47-01 Van Dam St., which was formerly used for printing, is being marketed by real estate fi rm CBRE, and the brokerage believes the property will be valuable to buyers looking to open a hotel or even redevelop the building for other uses to maximize profi ts. “Given the tremendous growth of LIC over the past few years, the property is ideal for acquisition by a number of investors looking for a value-add opportunity,” said CBRE’s Joshua Kleinberg, who with John Reinertsen is representing the seller. “The property is located in proximity to a number of transportation options as well as new high-end projects taking shape around the neighborhood. A creative buyer can fi nd tremendous return with the proper use.” Between 47th and 48th avenues, the building is situated not far from the fi vestory Falchi and the 10-fl oor Factory, which are old industrial buildings that were converted into mixed-use offi ce and retail structures. Although the three-story building on Van Dam Street is much smaller than those larger properties, the structure still has popular industrial qualities that are attractive to buyers. There are 15-foot ceilings and passenger and freight elevators, and natural light soaks each fl oor of the building with windows on all sides. The building is also located just a few blocks from the 33rd Street 7 train subway station. The seller is collecting offers for the property and did not release an asking price.
QC06182015
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