Development sites sell for $44M in latest Long Island City deal
GDC Properties picks up plot that allows 150K sf development
October 20, 2014 01:40PM
UPDATED 2:10 p.m. October 23: The Westchester-based GDC Properties bought two adjacent parcels in Long Island City for $44 million, according to property records filed with the city Monday.
The site at 11-22 45th Road in the Court Square area of Long Island City is home to a one-story warehouse. GDC also bought 45-35 11th Street. The president of GDC Properties, William Ingraham, also filed a permit to demolish the 33,660-square-foot structure at the location, according to records from the city’s Department of Buildings.
Eunhasu Corporation is the seller of the property, records indicate. The site