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Construction & Design Deals & Dealmakers Residential

New LIC condo planned

Axelrod Development Group and Lions Group are planning a 76-unit condo in Long Island City.

Shimon Shkury
Shimon Shkury

The partners purchased a development site featuring 78,000 buildable square feet at 14-01, 14-07, and 14-19 Broadway on the border of Long Island City and Astoria for $10,225,000.

Ariel Property Advisors sales team of Shimon Shkury, Howard Raber, Victor Sozio and Michael A. Tortorici represented the seller, and procured the buyer.

Raber commented, “The price achieved at 14-01 Broadway demonstrates both the strength of today’s market and the market’s faith in Astoria’s future.”

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