You are reading

Queens Plaza South Building Sells for $40 Million

24-02 Queens Plaza South (Google)

Sept. 24, 2020 Staff Report

A giant private equity firm has bought a building located in Queens Plaza for $40 million.

The Carlyle Group—along with Botantic Properties– has purchase 24-02 Queens Plaza South from Atlas Capital, according to city records. The three story property–built in 1949– is currently occupied by the Apex Technical School.

The $40 million transaction was recorded with the city on Sept. 17.

The site is on the corner of Queens Plaza South and 24th Street and extends all the way back to 42nd Road. The lot is 24,500 square feet.

A 270,000 square foot commercial building is planned to go up on the site once the lease ends, according to reports.

Atlas purchased the site for $13.5 million in 2012. Newmark Knight Frank negotiated the sale.

City Planning

email the author: news@queenspost.com
No comments yet

Leave a Comment
Reply to this Comment

All comments are subject to moderation before being posted.


The reCAPTCHA verification period has expired. Please reload the page.

This site is protected by reCAPTCHA and the Google Privacy Policy and Terms of Service apply.

Recent News

ridgewood

Police from the 104th Precinct in Ridgewood and Transit District 33 are looking for a man who snatched a cell phone from a 15-year-old girl who was onboard a southbound L train last week.

The train had just pulled into the Haley Street subway station in Ridgewood just before 2 p.m. on Tuesday, June 11, and when the doors opened, the suspect grabbed her iPhone 13 from her hands. The perpetrator fled the station and was last seen running southbound on Halsey Street. The teenager was not injured during the incident. An iPhone 13 is valued at $600 and upwards.

plays

Jun. 17, 2024 By Athena Dawson

Are you a fan of dramatic plays and tear-jerking comedies? Head to Travers Park this Wednesday for a free performance of Shakespeare’s Comedy of Errors, hosted by the Mobile Unit of The Public Theatre.  Located at 78th St. and 34th Ave. in Jackson Heights, the Shakespeare in the Park series will grace Queens’ public stage on June 19th at 6 p.m. for a truly unforgettable performance. The 90-minute play will provide a bilingual English and Spanish adaptation for audience members to enjoy.