High-rise commercial buildings

Sub Markets

Property Sectors

Topics

New York & Tri-State CRE News In Your Inbox.

Sign up for Connect emails to stay informed with CRE stories that are 150 words or less.

New York & Tri-State  + Outer  | 

East West Development Markets LIC Site for $64M

Queens developer East West Development is looking to sell a 51,411-square-foot Qualified Opportunity Zone development site for $63.5 million, hiring HKS Real Estate Advisors’ Peter Carillo to market it. The block-through assemblage at 41-50 21st St. in Long Island City can support various uses.
 
“With approximately 334,172 buildable square feet, the site will support a tower with a height in excess of 15 stories and will offer large open floor plates, high ceilings ranging from 15 to 23 feet and unobstructed views of the Manhattan skyline,” said Carillo. 

He pointed out that with 285 feet of frontage on 21st Street and 196 feet of frontage on 22nd Street, the site is an excellent and strategic location for several uses, including last-mile logistics, warehouse, life science, office, movie/TV studios or a data center.
 

For comments, questions or concerns, please contact Paul Bubny

Connect

Inside The Story

Connect With HKS

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