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Queens Blvd Property Sells For $12 Million, Development Likely

38-01 Queens Blvd

January 14, By Christian Murray

A Queens Boulevard property was purchased by a developer for a little over $12 million late last month.

The property, located at 38-01 Queens Blvd., was bought for $12,070,000 by Curbcut Queens Blvd, a company linked to the Forest Hills-based Platinum Realty.

The property is currently zoned for light manufacturing (M1-4), although retail, office and hotels are permitted to be built on the site.

David Koptiev, the owner of Platinum, confirmed the purchase of the site. He was not willing to disclose what his plans are for the property. However, his company is known for developing old manufacturing sites and converting them into retail and office space.

“I love the neighborhood,” Koptiev said. “Give me a couple of months and I will tell you what we will be doing.”

Platinum has not filed building plans with the Department of Buildings at this time.

The site is adjacent to 38-15 Queens Blvd., which is occupied by a car wash. The owner of that property reached out to Community Board 2 last March to discuss possible development plans on that site. Where those discussions went are not known at press time. CB 2 Chair Pat O’Brien was not immediately available for comment. Nevertheless, the property owner has not filed any plans with the DOB.

The acquisition of the 38-01 Queens Blvd. property comes at a time when demolition is about to start at 39-11 to 39-19 Queens Blvd. Workers were at that site today putting up a fence in preparation for that building’s demise. The owner Jerry Kahen has yet to file building plans. However, workers said ground floor retail and apartment units are planned.

To view full article on sunnysidepost