43-10 23rd Street


Rendering of 25-11 49th Avenue, via the Real Deal

Financing Secured, Rendering Revealed for 25-11 49th Avenue, Long Island City, Queens

Financing has been secured for a new eleven-story conversion at 25-11 49th Avenue, in Long Island City, Queens. The site was sold to Normandy Real Estate Partners and Keystone Equities in September 2016 for $39.1 million, at over $200 per buildable square foot. The rendering reveals their plan is to refurbish the existing two-story facility, build up eight stories along half the extant area, while using the other half of the roof for green space.

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