NonprofitAHRC 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.
Paul Bubny serves as Senior Content Director for Connect Commercial Real Estate, a role to which he brings 13-plus years’ experience covering the commercial real estate industry and 30-plus years in business-to-business journalism. In this capacity, he oversees daily operations while also reporting on both local/regional markets and national trends, covering individual transactions across all property types, as well as delving into broader subject matter. He produces 15-20 daily news stories per day and works with the Connect team and clients to develop longer-form content, ranging from Q&As to thought-leadership pieces.
Prior to joining Connect, Paul was Managing Editor for both Real Estate Forum and GlobeSt.com at American Lawyer Media, where he oversaw operations at both publications while also producing daily news and feature-length articles. His tenure in B2B publishing stretches back into the print era, and he has served as Editor in Chief on four national trade publications.
Since 1999, Paul has volunteered as the newsletter editor of passenger rail advocacy groups (one national, one local).