LIC Court Square Development Site
- Development Site/Land
Description
Court Square Development Site
7 lots Assemblage | 11,033 SF Floor Plate | 165,500 Buildable Square Feet with C5-3 Zoning.
The real estate private equity firm Madison Realty Capital, the real estate development and management firm Kushner and the global investment manager OneIM have combined to provide a $525 million construction loan to Charney Companies and Tavros to assist in their development of a 55-story, 636-unit skyscraper in the Court Square section of Long Island City.
Tavros Capital is working on assembling a large development site in Long Island City’s Court Square neighborhood that will come with a price tag of $30 million-plus when all is said and done.
The Soho-based investment and development firm recently closed on a trio of properties on 23rd Street in the shadow of the Citigroup Building, and is negotiating to buy several other properties and air rights that would give the firm as much as 250,000 square feet of development rights.
Details
- Price: $32,800,000
- Year Closed: 2017
- Property Type: Development Site/Land
- Property Status: Past Transactions, Sold
- Zoning: C5-3
- Buildable Square Feet: 165,500
