Ramandeep Kaur inks 49-year lease with Howard Du Kyu Park for hotel site in Long Island City

Ramandeep Kaur through the entity Pawar Hospitality, LLC signed a 49-year lease with Howard Du Kyu Park’s Howard Development LLC for 38-23 28th Street in Long Island City. The deal closed on September 12, 2019, and was recorded on October 15, 2019. The site has permitted plans for a 40-unit hotel with 9,903 square feet.

The last time the property sold was August 9, 2017, for $2,825,000.

Over the past five years, there have been 4 NYC Department of Buildings permit applications filed for this parcel valued at more than $20,000. There have been 3 demolition projects filed over the past five years. The demolition included 2 residential units.
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