Olshan represented the seller on the deal
TF Cornerstone purchased a 70,200-square-foot parcel located in Long Island City on the border of Astoria for $25 million. The property, located between 38th and 40th Avenues, fills half the block and is currently home to a single-story, industrial building.
TF Cornerstone already has a strong presence in Long Island City. It is planning a massive mixed-use waterfront development at 5-40 44th Road and 4-99 44th Road.
Olshan Real Estate attorneys Hyman Kindler (Picture), Samuel Ross and Kira Krimkevich represented the seller (LLCs linked to Elysabeth Kleinhans).
Law Firms: Olshan Frome Wolosky LLP;
Clients: Elysabeth Kleinhans;