TF Cornerstone’s $25 million Acquisition of 70,200-square-foot parcel located in Long Island City


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).

Involved fees earner: Hyman Kindler – Olshan Frome Wolosky LLP; Samuel Ross – Olshan Frome Wolosky LLP; Kira Krimkevich – Olshan Frome Wolosky LLP;

Law Firms: Olshan Frome Wolosky LLP;

Clients: Elysabeth Kleinhans;

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Author: Ambrogio Visconti