United Construction & Development Group pays $7.6M to Sylvia Denardo for industrial in Long Island City

United Construction & Development Group through the entity LIC Property Holdings, LLC paid $7.6 million to Sylvia Denardo through the entity 34th Street Capital LLC for industrial (F4) at 37-08 34th Street in Long Island City, Queens.
The deal closed on July 29, 2021 and was recorded on August 16, 2021.

The owner bought the property on 29-Jul-21, for $7.6 million.
The signatory for Sylvia Denardo was Sylvia Denardo. The signatory for United Construction & Development Group was Jiashu Chris Xu.
(421150774) Plans for a 42-unit, 29,530 square-foot R-2 were filed on April 27, 2015.
The contract was signed December 9, 2019.
Within a 400-foot radius of 37-08 34th Street, PincusCo identified three commercial real estate items of interests occurred over the past 24 months.
Of those three items, one was in new building development. It was a new building permit application filed on October 19, 2020 for a 58,254-square-foot R-2 building with 64 residential units at 37-24 33rd Street.
Of those three items, two were loans above $5 million totaling $54.3 million. The most recent of the two was The Collective which borrowed $39.0 million from Areit Wh Ii LLC secured by the 80,200-square-foot, 123-unit hotel (H9) on 35-02 37th Avenue on April 9, 2021.

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