AHRC Sells Former Weinberg Center in LIC
Nonprofit AHRC New York City and its broker Denham Wolf Real Estate Services have sold 32-03 and 31-17 39th Ave., a combination of two highly visible corner lots in Long Island City, Queens for $28,625,000. The buyer was 39th Ave Equity, LLC.
Located in a Qualified Opportunity Zone, just outside the core area of Queens Plaza and Court Square, the sites offer a broad range of use and ground-up redevelopment options.
With a maximum total zoning area of 99,996 square feet for residential, or 131,995 square feet with inclusionary housing, the properties comprise a cleared lot and a former warehouse repurposed as a 17,600-square-foot community center, formerly home to AHRC NYC’s Cyril Weinberg Day Habilitation Center.
”The sale of the Weinberg Center in Long Island City offers incredible growth and development opportunity for AHRC NYC’s offerings within the local community,” said Christopher Turner, director of transaction services at Denham Wolf.
- ◦Sale/Acquisition
