Achenbaum family sells LIC parcel for $13M

37-29 31st St LLC paid the Achenbaum family’s 31/32 LIC LLC $13.3 million for 1 parcel, including the tax class land not zoned residential or Manhattan below 110th Street (V1) at 37-29 31 Street in Long Island City. The deal closed on August 27, 2019 and was recorded on September 06, 2019. The parcel(s) have total development potential of 101,232 square feet.
The average sale price per square foot is $263.

The last time the property sold was May 14, 2015, for $7,380,000.

Over the past five years, there have been 2 NYC Department of Buildings permit applications filed for this parcel valued at more than $20,000.There has been one new building permit application totaling 57,249 square feet. Those plans include a total of 74 residential or hotel units. There has been one demolition project filed for the parcels over the past five years.
Direct link to Acris document. link
Direct link to the city’s interactive property map, ZOLA. link
A recent story on the property. link.

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