Continuing the discussion from NEW YORK | LIC Queens Rezoning - Queens Plaza Subdistrict:
Developer Steve Cheung closed yesterday on the $46.3 million sale of the site at 29-37 41st Avenue in the Queens Plaza section of Long Island City.
The buyer is an unidentified institutional investor. The site has a buildable square footage of roughly 205,000 square feet and comes with approvals for a 30-story residential tower with 242 units.
The approved filings: