Yu Liu pays $15.5M to Pulsar Technology Systems for LIC dev site

Developer Yu Liu through the entity ZL 2720 LLC paid Pulsar Technology Systems’s Pulsar Technology Systems, Inc. $15.5 million for 27-20 42nd Road in Long Island City. The deal closed on August 28, 2020, and was recorded on September 9, 2020. The transaction consists of 1 parcel, including the tax class semi-fireproof manufacturing building (F4). The property is 6,000 square feet. The parcel(s) have total development potential of 39,560 square feet.
The average sale price per square foot is $392.

The contract date was January 17, 2020. Yu Liu through the company ZL 2720 LLC, on September 4, filed a permit application for construction of a 51-unit, 39,442-square-foot mixed-use building.

Direct link to Acris document. link
Direct link to the city’s interactive property map, ZOLA. link
The signatory for the buyer or lender was Yu Liu.