Thor Equities, Laboz family’s UAL pay $42M to F&T Group, AECOM, Rockefeller Group for retail condo in Flushing

March 10, 2020 7:18 am

Joe Sitt’s Thor Equities and the Laboz family’s United American Land through the entity Thor Flushing Commons LLC paid F&T Group, AECOM Capital and the Rockefeller Group’s Flushing Commons Property Owner LLC $42 million for 38-18 Union Street in Flushing. The deal closed on February 27, 2020, and was recorded on March 9, 2020. The transaction consists of 1 parcel, including the tax class commercial condo recorded in Acris (CC). The property is 30,000 square feet.
The average sale price per square foot is $1,400.

Partners https://webcache.googleusercontent.com/search?q=cache:dvXPeXZexMgJ:https://commercialobserver.com/2020/02/thor-equities-buys-new-york-city-retail-condo-for-42m/+&cd=2&hl=en&ct=clnk&gl=us&client=firefox-b-1-d
The DOB issued a new construction (NB) initial temporary certificate of occupancy for the building with 148 residential (or hotel) units on September 11, 2019.

Direct link to Acris document. link
Direct link to the city’s interactive property map, ZOLA. link

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