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LIC warehouse sells for $37M, demolition on the way – QNS.com

LIC warehouse sells for $37M, demolition on the way

Photo courtesy of Scott Binter/PropertyShark 

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.

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