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Selling point: LIC Wills Group building sold for $43.5M — and more big sales – QNS.com

Selling point: LIC Wills Group building sold for $43.5M — and more big sales

Photos courtesy of Scott Bintner/Propertyshark

A number of properties in Queens sold for big prices recently, according to city property records. Here’s a run down of interesting transactions over the past week.

Address: 43-01 21st St.
Price: $43,500,000

The Wills Group Family Limited Partnership sold its commercial building in Long Island City at 43-01 21st St. for $43.5 million, according to city property filings recorded on Friday. The property is a three-story building with more than 120,000 square feet of space. The buyer is listed as Chicago-based 43-01 21st Street Eat LLC, although developer Rockrose was in contract for it last year, according to a published report.

Address: 55-02 Broadway
Price: $9,000,000

Manhattan-based 55 Broadway Realty LLC picked up this mixed-use office and factory building in Woodside for $9 million, according to city records. The one-story building has just over 30,000 square feet of space.

Address: 5 Court Square/28-24 Jackson Ave.
Price: $15,750,000

This building, which sits across the street from the Citibank Building in Long Island City, was in high demand because of its developmental potential in a hot neighborhood. At nearly 8,000 square feet, current zoning laws allow a future development to be nearly eight times bigger. AF Court Square LLC sold the building to Jackson 2524 LLC, a Great Neck-based firm, which filed to construct a mixed-use residential and commercial 11-story building with 73 units on the site last year. The project was disapproved by the Buildings Department.

 

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