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RT02092017

30 FEBRUARY 9, 2017 RIDGEWOOD TIMES WWW.QNS.COM 17-story Ridgewood building on the market for $35M before it’s even built BY ANTHONY GIUDICE Ridgewood Times Sellers’ Guide Listings selected at random. Courtesy MLSLI RIDGEWOOD 70th Avenue Rutledge Avenue 71st Street 82nd Street Under $500,000 2118 Greene Ave. $399,000 Condo 1 bedroom, 1 bathroom Julia Xelas Prime Realty Over $900,000 72-49 61st St. $999,000 2-family home 6 bedrooms, 2 bathrooms Miriam Vasquez RE/MAX Team Over $900,000 60-81 70th Ave. $1,390,000 3-family colonial 7 bedrooms, 3 bathrooms Olga Zakinova Douglas Elliman Real Estate GLENDALE Under $500,000 82-58 89th St. $449,000 1-family home 2 bedrooms, 2 bathrooms Domingo DeGuzman Gemars Realty Corp. $500,000-900,000 88-29 Rutledge Ave. $815,888 1-family townhouse 4 bedrooms, 1 ½ bathrooms Jessica Akde Elmazi Anne Donohue Real Estate Over $900,000 78-42 79th Pl. $1,150,000 3-family home 7 bedrooms, 3 bathrooms Lourdes Figueroa Realty By The Park MASPETH Under $500,000 52-21 65th Pl. $250,000 Co-op 2 bedrooms, 1 bathroom Maureen Brennan O’Kane Realty $500,000-900,000 60-65 71st St. $759,000 1-family townhouse 3 bedrooms, 2 bathrooms Kent Zhou Block & Lot Real Estate Over $900,000 61-18 55th St. $1,299,000 4-family home 9 bedrooms, 6 bathrooms Osmar Reis My Borough Realty MIDDLE VILLAGE $500,000-900,000 66-60 80th St. $549,000 Condo 2 bedrooms, 2 bathrooms Donna Russo DiCesare Russo Realty Properties $500,000-900,000 61-38 82nd St. $750,000 1-family townhouse 3 bedrooms, 1 ½ bathrooms Joan Walsh Tscherne Realty Over $900,000 67-57 75th St. $1,130,000 3-family home 8 bedrooms, 3 bathrooms Diana Yip Douglas Elliman Real Estate [email protected] @A_GIUDICEREPORT As construction workers broke ground on a 17-story, mixeduse building in Ridgewood this week, Cushman & Wakefi eld announced that the property is also on sale for nearly $35 million. A representative from AB Capstone, the developers of the three lots located at 54-27 Myrtle Ave., 336 and 350 St. Nicholas Ave., confi rmed that the site is on the market for $34.9 million as they are looking for a partner to make this project a joint-venture. According the Cushman & Wakefield listing, the approximately 39,996-square-foot parcel of land is situated in a C4-3 zone, which allows for mixed-use buildings. The site is expected to have onsite parking, retail space, offi ce space, community use space and 129 luxury apartments, with a number of them being deemed affordable in accordance with the 421A abatement approved plans. The 17-story building will consist of 39 studio apartments, 51 one-bedroom apartments, 27 two-bedroom apartments, and 12 three-bedroom apartments. The cellar will be 29,508 square feet and will have accessory parking and retail units. The fi rst fl oor will be 29,681 square feet and will have retail space, accessory parking and some of the building’s mechanical rooms. The second fl oor is 23,798 square feet for retail, accessory parking and more mechanical rooms. The third through fi ft h fl oors are planned to be 63,684 square feet and will contain commercial offi ce space, a community use facility, and mechanical rooms, while the sixth through 17th fl oors will be 87,952 square feet each and will be for the residential apartments. For more information about the listing, contact Cushman & Wakefi eld. REAL ESTATE Photo by Anthony Giudice/QNS Developers of the soon-to-be 17-story building in Ridgewood are selling the property for $34.9 million in search of a partner. Rendering courtesy of AB Capstone


RT02092017
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