GDC Properties bought a warehouse in Long Island City that is ripe for development for $37 million, according to city records filed Monday.
The firm also applied for demolition permits with the Department of Buildings for the one-story 33,660-square-foot warehouse previously owned by Eunhasu Corporation. The warehouse is located at 11-22 45th Rd. in the Court Square area, which has seen numerous plans for development recently.
The property has 114,000 buildable square feet, according to The Real Deal.
Permits for a new building have not been filed at the site yet.