Tales of Investment Sales
In the Rezone
The real estate investor Ashok Mehra has purchased a 9,500 square foot retail building in Woodside, Queens for $2.22 million.
The deal offers Mr. Mehra the chance to expand his real estate holdings into areas beyond Manhattan, where he owns at least two office buildings, 121 West 27th Street and 19 West 21st Street, which are about 100,000 square feet apiece.
Yesterday, the City Council voted to suburbanize another piece of Queens. This time it was the neighborhoods of Sunnyside and Woodside getting rezoned. The plan helps preserve the neighborhoods’ character by limiting new development to a few main thoroughfares, but as arguably two of the best neighborhoods in the city, limits newcomers. “The pace of development in Sunnyside and Woodside has increased in recent years for many reasons, including its attractive and well-kept streetscapes, bustling commercial corridors, and convenient mass transit to and from Manhattan,” local Councilman Jimmy Van Bremmer said in a release, which you can read in full after the jump. ”By taking this action today, we will prevent development that is out of character while protecting the low density nature of much of the area.”
Better get in while the getting is good.
Robert Lyons and Kelly Moylan
Met: June 2005
Engaged: March 8, 2006
Projected Wedding Date: Dec. 2, 2006
Robert Lyons, 35, a film and video producer with his own production company, Quixotic Industries, plans to marry Kelly Moylan, 37, a psychotherapist who also acts and sings, at Gedney Farm in New Marlborough, Mass. The reception Read More
Tomorrow, Hillary Clinton joins Eliot Spitzer, Andrew Cuomo, David Paterson, and Alan Hevesi as “the labor ticket” to kick off the Labor Day Parade and Primary Day GOTV. The presser starts at 10:30 and the fun kicks off from Fifth Ave and 44th Street.
Unite Here representatives endorse Hillary Clinton at 45th Street between Madison Read More
For some people in New York, the only story today — still — is the blackout.
Eric Gioia, whose week has been fairly consumed with servicing his beleaguered constituents in Western Queens and the media, says he spent the morning walking around his district in Woodside and Sunnyside and “didn’t speak to one person” Read More