39-11 29 Street
Long Island City, Queens
Parcel ID (BBL): 4003990022
Owner: Paceline Equity Partners
Acquired: July 27, 2023, $34.5 million
Debt: July 27, 2023, $24.4 million
Built: 2008
SF: 63,648
Dwelling units: 0
No. of buildings: 1
Class: extended stay/suite: amenities similar to apt; typically charge weekly rates & less expensive than full-service hotel (HS)
Floors: 11
Legacy BBLs: 4003990022
Transactions:
• Paceline Equity Partners borrowed $24.4 million from Ponce Bank for 29-14 39th Avenue, Long Island City, Queens on July 27, 2023.
• Radson Development sold 29-14 39th Avenue, Long Island City, Queens for $34.5 million to Paceline Equity Partners on July 27, 2023.
• Radson Development borrowed $25 million from Ponce Bank for 29-14 39th Avenue, Long Island City, Queens on June 29, 2022.
Development:
• Jacob Rad filed plans for A3 in Long Island City, Queens, on March 13, 2014.
• John Gouliamas filed plans for demolition in Long Island City, Queens, on December 11, 2006.
• Joe Kim filed plans for A3 in Long Island City, Queens, on December 14, 2012.
• John Gouliamas filed plans for demolition in Long Island City, Queens, on December 11, 2006.
• Jacob Rad filed plans for alteration in Long Island City, Queens, on October 03, 2013.
Violations:
According to city public data, the properties have not received any significant violations in the last year.