REAL ESTATE
De Niro, developers eye studio deal in Astoria
BY EMILY DAVENPORT
edavenport@qns.com
@QNS
A renowned actor is reportedly part of a
contract to buy a 5.25-acre lot in Astoria.
A report from Commercial Observer
says that the site, located at 87 19th Ave., is
under contract for $73 million. Th ose purchasing
Sales in QueensHOMES COOPS CONDOS Listings and photos courtesy MLSLI
NORTHEAST NORTHWEST SOUTHEAST SOUTHWEST
XXX XXX XXX XXX
Under $500,000
201-16 35th Ave., Bayside
$329,000
Co-op, 2 bedrooms, 1 bathroom
Rachel Benedetti, Premium Properties
Inc
$500,000-$900,000
10-27 116th St., College Point
$649,000
Colonial, 2 bedrooms, 1 bathroom
Laura Copersino, Douglas Elliman Real
Estate
Over $900,000
75-04 180th St., Fresh Meadows
$1,250,888
Colonial
4 bedrooms, 2 full and 1 half bathrooms
Gregory Yadgaroff , Realty Depot LLC
Under $500,000
48-23 42nd St., Sunnyside
$399,000
Co-op, 1 bedroom, 1 bathroom
Helen Keit, Keller Williams Rlty
Landmark
$500,000-$900,000
24-65 38th Street, Astoria
$749,000
Co-op, 2 bedrooms, 1 bathroom
Bianca Colasuonno, Compass Greater NY
LLC
Over $900,000
3341 88th St., Jackson Heights
$1,150,000
Colonial
4 bedrooms, 2 full and 1 half bathrooms
Sonam Lama, Exit Realty One
Under $500,000
18525 Jordan Ave., Jamaica
$336,000
Cape
4 bedrooms, 1 full and 1 half bathrooms
Jacob Kremer, Kremer Realty II, Inc
$500,000-$900,000
188-49 120th Rd., St. Albans
$588,000
Colonial
3 bedrooms, 2 full and 1 half bathrooms
Latoya Reina, Winzone Realty Inc
Over $900,000
216-07 Sawyer Ave., Queens Village
$1,298,000
Contemporary
5 bedrooms, 4 full and 2 half bathrooms
Sudeep Modi, RE/MAX Frontier
Under $500,000
67-12 Yellowstone Blvd., Forest Hills
$419,000
Co-op, 2 bedrooms, 1 bathroom
Evelina Badalov, Daniel Gale Great Neck
LLC
$500,000-$900,000
105-49 89th St., Ozone Park
$899,888
Colonial, 6 bedrooms, 2 bathrooms
Carolyn DeFalco, Keller Williams Realty
Liberty
Over $900,000
103 Mowbray Dr., Kew Gardens
$1,899,000
Colonial
4 bedrooms, 2 full and 1 half bathrooms
Mitra Hakimi, Mitra Hakimi Realty Group LLC
the space include the development
fi rm Wildfl ower, actor Robert De Niro, his
son Raphael De Niro and business partner
Jane Rosenthal.
Th e lot is being sold by piano manufacturer
Steinway.
Th e site is expected to be turned into a
500,000-square-foot fi lm studio, complete
with a pre-production and post-production
offi ce and a parking facility.
Th e whole deal has an anticipated cost of
$425 million. Sources told the Commercial
Observer that the $150 million in equity
and $275 million in debt for the project will
be raised by the Newmark Knight Frank’s
Dustin Stolly and Jordan Roeschlaub.
Th e deal is expected to close by the end
of 2019. Photo via Google Maps, inset via Wikipedia Commons
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