George Xu’s Century Development Group pays $13M for industrial property in Long Island City

George Xu’s Century Development Group through the entity 33rd Street Ventures, LLC paid Robyn Freedman, Harold Seligman, Neil Orzeck’s 37-24 33rd Street, LLC $13.0 million for 37-24 33rd Street in Long Island City. The deal closed on January 6, 2020, and was recorded on January 15, 2020. The transaction consists of 1 parcel, including the tax class miscellaneous warehouse (E9). The property is 11,620 square feet. The parcel(s) have total development potential of 48,426 square feet.
The average sale price per square foot is $268.

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