Partnership Sells 2401 Queens Plz for $16.5M
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Partnership Sells 2401 Queens Plz for $16.5M Ciampa Organization acquired a retail building at 2401 Queenz Plz N in Long Island City, NY for $16.5 million from a group of local investors. The purchase was made for the land value, as the building sits on 0.15 acres and has 49,200 square feet of unused air rights. The Ciampa Organization intends to redevelop the site, currently improved with a 5,473-square-foot, freestanding structure.
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Transcript of Partnership Sells 2401 Queens Plz for $16.5M
Partnership Sells 2401 Queens Plz for $16.5M
Ciampa Organization acquired a retail building at 2401 Queenz Plz N in Long Island City, NY for$16.5 million from a group of local investors.
The purchase was made for the land value, as the building sits on 0.15 acres and has 49,200 squarefeet of unused air rights. The Ciampa Organization intends to redevelop the site, currently improvedwith a 5,473-square-foot, freestanding structure.
Neither party used third-party brokerage representation on the sale.
Please see CoStar COMPS #3276628 for more information on this transaction.
http://www.costar.com/News/Article/Partnership-Sells-2401-Queens-Plz-for-$165M/171090?ref=/News/Article/Partnership-Sells-2401-Queens-Plz-for-$165M/171090&src=rss
