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Condo Developer Snaps Up Parcel in LIC’s Court Square

NKF has arranged the sale of a development site at 1064-1066 Jackson Ave. in Long Island City. The firm’s Ron Solarz and Jonny Yuran represented the property’s owner and procured the buyer, a local condo developer, in the $8-million deal.

A vacant corner site in LIC’s Court Square section, 1064-1066 Jackson is located near Long Island Rail Road stations and atop the Metropolitan Transportation Authority’s 7 subway stop. The property’s sale included MTA-approval, as well as approved plans for a seven-story condominium project with ground-floor retail.

“The Court Square section of Long Island City has become a very popular location for condo developers and condo buyers alike because the end product is so attractively priced,” said Solarz. “Both development and demand have surged in the area, given the location’s proximity to Midtown Manhattan.”

For comments, questions or concerns, please contact Paul Bubny

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About Paul Bubny

Paul Bubny serves as Senior Content Director for Connect Commercial Real Estate, a role to which he brings 16-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 7-10 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).

  • ◦Development
  • ◦Sale/Acquisition
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