REAL ESTATE Historic Flushing movie house will be turned into upscale condos after it was sold for $66M BY BRIANNA ELLIS bellis@qns.com/@briinformed As one movie house goes out, a multimillion-dollar condominium is coming to Flushing in the near future. Xinyuan Real Estate, a New York Stock Exchange-listed real estate developer and property manager, recently purchased the old RKO Keith’s Theater in Flushing for a hefty price of $66 million. The former Sales in Queens HOMES – CO-OPS – CONDOS Listings and photos courtesy MLSLI NORTHWEST NORTHEAST SOUTHWEST SOUTHEAST WOODSIDE BAYSIDE MIDDLE VILLAGE PICTURED LISTING QUEENS VILLAGE Under $500,000 35-27 81st St., Jackson Heights $405,000 Co-op 1 bedrooms, 1 bathroom Arthur Vanegas Charles S. Cortese Realtor $500,000-900,000 43-07 48th St., Sunnyside $550,000 Condo 1 bedroom, 1 bathroom Kathy Shahroozi Winzone Realty Inc. Over $900,000 47-19 59th Pl., Woodside $995,000 1-family home 3 bedrooms, 2 bathrooms Moinul Islam Mega Homes Realty Inc. Under $500,000 245-22 62nd Ave., Douglaston $289,000 Co-op 2 bedrooms, 1 bathroom Stephanie Belanich Keller Williams Realty Landmark $500,000-900,000 146-14 35th Ave., Flushing $628,000 Condo 2 bedrooms, 2 bathrooms Jane Gao Century Homes Realty Group Over $900,000 39-21 202nd St., Bayside $1,160,000 2-family home 5 bedrooms, 2 bathrooms Po Wei Tair RE/MAX Universal Real Estate Under $500,000 102-10 163rd Rd., Howard Beach $375,000 2-family home 4 bedrooms, 2 bathrooms Chad Michelini Douglas Elliman Real Estate $500,000-900,000 64-13 65th Ln., Middle Village $729,000 2-family home 5 bedrooms, 3 bathrooms Louis Campione Campione Realty Over $900,000 93-24 85th Rd., Woodhaven $925,000 2-family home 6 bedrooms, 3 ½ bathrooms Yolanda Nieto Allied Real Estate Under $500,000 104-28 212th St., Queens Village $465,000 1-family home 4 bedrooms, 1 ½ bathrooms Kwame Alexis Charles Rutenberg Realty Inc. $500,000-900,000 83-07 246th St., Bellerose $749,000 1-family home 4 bedrooms, 2 bathrooms Shirley Abraham George New York Realtors Corp. Over $900,000 80-76 222nd St., Hollis Hills $948,000 1-family home 5 bedrooms, 3 bathrooms Jonathan Talmi Exit Realty Next movie house, located at 135-35 Northern Blvd., will be transformed into a 269-unit residential building. The condos will be developed at estimated 372,598 square feet and are being designed by architecture fi rm Pei Cobb Freed. Upon completion, the property will be constructed with retail space at the ground level and second fl oor. “We are very pleased to be developing our third major project in the New York residential real estate market. The location for this project in downtown Flushing is ideally situated particularly as there is a shortage of inventory in the higherend condominium segment,” said Xinyuan Chairman Yong Zhang, quoted by Real Estate Weekly on Monday. “Given the location of this project, we expect it will be appealing to both local and foreign buyers and investors. We believe our new project will become a unique site in downtown Flushing and a successful project for our company.” The China-based Xinyuan company anticipates the Flushing redevelopment to begin after its Oosten project in Williamsburg concludes later this year. RKO Keith’s Theater, a historic movie theater that opened on Christmas day in 1928, has been vacant for over three decades. According to Crain’s, the former owner, JK Equities, put the property up for sale last February. The fi rm originally bought the space for $30 million in 2013. Photo: Wikimedia Commons The former RKO Keith’s Theater in Flushing was just purchased for $66 million.
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