Lily Guo’s iCross Capital pays $13M to Nissin Seliktar for property in Long Island City

iCross Capital through the entity 27-51 Jackson Ave LLC paid Nissin Seliktar’s Nzdckns LLC $12.5 million for 27-55 Jackson Avenue in Long Island City. The deal closed on September 4, 2020, and was recorded on September 10, 2020. The transaction consists of 1 parcel, including the tax class miscellaneous warehouse (E9). The property is 20,800 square feet. The parcel(s) have total development potential of 31,291 square feet.
The average sale price per square foot is $399.

The contract date was May 19, 2020. The last time the property sold was April 24, 2012, for $2,950,000. The signatory for the buyer was Lily Guo.

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 31,974 square feet. Those plans include a total of 40 residential or hotel units. There has been one demolition project filed for the parcels over the past five years. The demolition included 2 residential units.
Direct link to Acris document. link
Direct link to the city’s interactive property map, ZOLA. link
The signatory for the buyer or lender was Lily Guo