Old LIC zipper factory sells for $13.5M, will become office and retail mix

Emmes Asset Management recently bought an old Long Island City zipper factory for $13.5 million, and will begin renovating it to lease as a mixed-use office and ground-floor retail building.

The renovation of the four-story former factory at 47-16 Austell Pl. is expected to be completed by the fall of this year.

Building renovations include a new façade, lighting, flooring, and development of a rooftop space with views of the Manhattan skyline.

The former zipper factory is the latest Queens building Emmes has purchased to convert to office space.

Last year, the Manhattan-based firm paid about $30 million to buy Astoria events hall Studio Square from S Hospitality Group and converted it to Offices at the Square, a mixed-use office and commercial space.

Current structure picture
Photo courtesy of Scott Bintner/PropertyShark/Rendering courtesy of Emmes


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