Bankruptcy Sale

25-16 37th Avenue, Long Island City, NY
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Details

25-16 37th Avenue is a 53,954 SQF early construction development in Long Island City, just 20 minutes from Manhattan and blocks to the N, W and F subway stations. Upon completion, the project will consist of thirty-eight (38) residential units as well as 15,371 SF of retail and office space on the first and second floors. In addition, the building will contain a 29-car parking garage, 45 storage units and 10 rooftop cabana units.

$18MM+ has been spent to date on development and land acquisition. Site is fully excavated and includes two cellars. Support of excavation, bracing systems and underpinnings are fully completed. Concrete column, stair and elevator footings completed and concrete column formwork is in place. Partial cellar slab has been formed and rebar is in place.

Long Island City is recognized as one of the most vibrant and transformative neighborhoods in New York City. Home to Fortune 500 companies, world-renowned arts and cultural institutions, prominent film and television studios, high end shopping, and riverfront parks, Long Island City is quickly evolving into a prominent cultural and business center.

 

Auction April 27, 2022 at 11:00 am

Agents

  • ID: 8668
  • Published: July 21, 2021
  • Last Update: March 14, 2022
  • Views: 576