6 THE COURIER SUN • JULY 2, 2015 FOR BREAKING NEWS VISIT www.couriersun.com JAMAICA SITE WITH BIG DEVELOPMENT POTENTIAL SELLS AFTER BIDDING WAR BY LIAM LA GUERRE [email protected] @LiamLaGuerre With $153 million of public funds designated to revitalize every aspect of Jamaica, more and more developers are looking BUY DIRECT FROM THE MANUFACTURER FREE Measuring & Installation w/purchase of $100. with this ad. • Draperies • Vertical Blinds • Honeycomb Shades • Custom Window Shades • Mini Blinds Nobody Beats Our Prices! • Roman Shades • Balloon Shades • Swags & Jabots • Shutters • Upholstery • Radiator Covers • Table Pads UP TO 70% OFF LIST PRICE Free Interior Design Consultation $20 OFF with purchase of $200 or more *Not to be combined w/other offers. Expires 7/10/15 $50 OFF with purchase of $500 or more *Not to be combined w/other offers. Expires 7/10/15 $100 OFF with purchase of $1,000 or more *Not to be combined w/other offers. Expires 7/10/15 GOMER’S Window Treatments SINCE 1962 FREE SHOP AT HOME SERVICE SERVING QUEENS AND LONG ISLAND 1.800.522.6156 www.gomersdecorators.com Photo courtesy Ariel Property Advisors RN – BS Program Apply today and start classes in September The first 5 students to enroll in the RN to BS program will receive a FREE iPad Mini! Join Us for a Join us for an open house: s Wednesday, July 15th, 12 pm REPUTABLE Fully accredited by the Commission on Collegiate Nursing Education (CCNE) FLEXIBLE Full-time, part-time, day, and evening classes available AFFORDABLE 23% tuition discount is effective in fall 2015! For information, call 212-616-7282. for land in the area, and it’s even getting a little feisty. The site at 143-18 Liberty Ave., which previously was an auto-dealer, sold after just four months on the market, but not before a bidding war between two buyers that ultimately lead the price of the lot to rise higher than most other sites in the area. “Based on the impressive amount of interest we received for 143-18 Liberty Avenue, it’s clear that developers are eager to capitalize on the economic initiatives that are underway in the area,” said Daniel Wechsler, vice president at Ariel Property Advisors, which handled the transaction in the budding neighborhood. The property sold for $1,937,500, according to Ariel, but has yet to hit public records. Floral Park-based Namra Inc. bought the property in 2008 for $1.06 million, city records show. The roughly 8,530-squarefoot site is zoned primarily for residential and offers 25,602 of buildable square feet for a residential development. That translates to nearly a $76 per buildable square foot sale. Similar properties in Jamaica trade between $32 to $77 per buildable square foot, according to Wechsler, making this site one of the most valuable in the last six months. Wechsler couldn’t speak to the new owner’s plans for the site, but if they aim to capitalize on their investment through building out the maximum allowed on the site that means a huge residential building could be coming to the lot at the intersection of Liberty Avenue and Pinegrove Street near the Van Wyck Expressway. Construction plans have yet to be fi led with the Department of Buildings. Wechsler, Michael A. Tortorici and Jesse Deutch represented the seller.
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