38-21-12th-street-sale-LIC

The sale of a gigantic property at 38-21 12th Street, with frontage on 12th Street, 13th Street and 38th Avenue, hit public records last week for $16,200,000, and a tipster believes this will be another hotel for Long Island City. Apparently, there are plans in the pipeline for a 12-story, 152 unit, 65,295-square-foot hotel, with 15 enclosed parking spaces. A brand still has not been determined. It’s worth noting that the lot is currently zoned for manufacturing and that no plans have been filed with the Department of Buildings. Nothing is officially confirmed yet, so stay tuned for more info…

70,000-Square-Foot Long Island City Property Sells for Big Bucks [Q’Stoner] GMAP


What's Your Take? Leave a Comment