REAL ESTATE
Photo courtesy of MMCC
Sales in QueensHOMES COOPS CONDOS Listings and photos courtesy MLSLI
NORTHEAST NORTHWEST SOUTHEAST SOUTHWEST
FLUSHING ASTORIA ST. ALBANS REGO PARK
Under $500,000
212-16 36 Ave., Unit 2A, Bayside
$209,000
Co-op
1 bedroom, 1 bathroom
Maria Marquez, East Coast REALTORS
Inc.
$500,000-$900,000
166-25 Powells Cove, Unit 5D, Whitestone
$669,000
Co-op
2 bedrooms, 2 bathrooms
Robert Glessman, Douglas Elliman Real
Estate
Over $900,000
146-41 Hawthorne Ave., Flushing
$1,100,000
Colonial
3 bedrooms, 2 bathrooms
Lucy Lu, Landmark International R E LLC
Under $500,000
3550 85th St., Unit 7J, Jackson Heights
$499,000
Co-op
2 bedrooms, 1 bathroom
Suzanne Adler, Douglas Elliman Real
Estate
$500,000-$900,000
4333 48th St., Unit 5G, Sunnyside
$565,000
Condo
1 bedroom, 1 bathroom
Geraldine McKeon, Keller Williams
Landmark II
Over $900,000
21-76 47th St., Astoria
$999,000
Colonial
3 bedrooms, 2 bathrooms
Chu Yim, Exit Realty Dreams
Under $500,000
220-17 97 Ave., Queens Village
$480,000
Colonial
2 bedrooms, 2 bathrooms
Alexana Martins, Exit Realty First Choice
$500,000-$900,000
115-60 198th St., St. Albans
$679,000
Colonial
5 bedrooms, 3 bathrooms
Dar Hakoon, Stav Sofi , Top Homes Realty
Inc.
Over $900,000
86-14 143rd St., Jamaica
$1,100,000
Two-family duplex
4 bedrooms, 2 bathrooms
Yvette Zubli, Magic of Great Neck Realty
Under $500,000
83-75 Woodhaven Blvd., Unit 3L,
Woodhaven
$329,000
Co-op
3 bedrooms, 1 bathroom
Malgorzata Geurrero, O Kane Realty
$500,000-$900,000
103-27 94th St., Ozone Park
$829,000
Colonial
3 bedrooms, 2 bathrooms
Felipe Sicurello, Century 21 American
Homes
Over $900,000
62-55 Austin St., Rego Park
Colonial
3 bedrooms, 3 bathrooms
Jian Wang, Winzone Realty Inc.
LIC hotel construction project
acquires $46 million in funding
BY EMILY DAVENPORT
edavenport@qns.com
@QNS
Construction on a hotel that’s
meant to be built in Long Island
City has acquired $46 million in
funding.
Marcus & Millichap Capital Corp.
(MMCC) arranged for the funding
for a Staybridge Suites, located at
38-61 11th St. Th e hotel, which is
a part of the Intercontinental Hotel
Group’s extended stay brand, will be
180,000 square feet and be 24 stories
high, consisting of 240 rooms,
a community facility and 109 parking
spaces.
Th e hotel will be near seven subway
lines that are located one stop
away from Midtown.
Financing for the project was
spearheaded by Gary Sefcik, Iona
Liu, Dan Lisser and Rick Lechtman,
of the fi rm’s Manhattan offi ce, for
New York real estate developer
Teddy Li.
“Construction lenders have
become selective on which hotel
projects to back at this stage of
the cycle,” said Sefcik. “Long Island
City has amongst the longest hotel
stay nights of any neighborhood in
New York City, while the submarket
has a limited supply of extended
stay hotels. In fact, the current
submarket RevPar leader is an
extended stay hotel. We utilized a
private lender with the sophistication
to understand the dynamics of
this particular market, and with the
capability of supporting the developer
in delivering the project within
its rapid timeframe.”
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