NEW YORK CITY – Atlas Capital Group has sold the 24,500-square-foot land parcel located at 24-02 Queens Plaza S. in Long Island City, Queens, for $40 million.
Encompassing the entire blockfront along 24th St., Queens Plaza S. and 42nd Rd., the site has been purchased with plans to construct a more than 270,000-rentable-square-foot commercial facility.
The new owner of the site will commence construction on the facility upon expiration of the existing tenant's lease term.
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Ingrid Tunberg
Ingrid Tunberg sits on the editorial team as a coordinator and reporter for Real Estate Forum and GlobeSt.com. She is responsible for writing stories, assisting with industry awards and marketing nomination events. Previously, Ingrid worked as a copywriter across various industries throughout New York City and Chicago.
