New York Times paid $7M to The City Of New York

New York Times through the entity NYT College Point LLC paid The City Of New York $6.9 million for 1 parcel, including the tax class special construction, fireproof manufacturing building such as for printing plant, etc. (F2) at 25-70 Whitestone Ep Sr W in Queens. The deal closed on August 01, 2019 and was recorded on August 09, 2019. The parcel(s) have total development potential of 2,001,571 square feet.
The average sale price per square foot is $6.

The DOB issued a major alteration (A1) initial temporary certificate of occupancy for the building on July 30, 2012.
Over the past five years, there have been 6 NYC Department of Buildings permit applications filed for this parcel valued at more than $20,000. There were 5 renovation/alteration projects (A2) applied for with a total estimated value of $1,007,000.There has been one new building permit application totaling 780 square feet.
Direct link to Acris document. link
Direct link to the city’s interactive property map, ZOLA. link

Share this article