Astoria, Real Estate Jul 29, 2014 Industrial Buildings Nearby Astoria Cove Footprint to be Demolished We noticed that a couple of buildings—26-15 4th Street and 26-01 4th Street—are slated to be demolished. These buildings are steps away from Phase 1 of the Astoria Cove development (…) Share this Scoop by Meg Cotner total shares! Twitter Facebook Email Print We noticed that a couple of buildings—26-15 4th Street and 26-01 4th Street—are slated to be demolished. These buildings are steps away from Phase 1 of the Astoria Cove development (…) by Meg Cotner Share this Scoop total shares! Twitter Facebook Email Print Via Google Maps. We noticed that a couple of buildings—26-15 4th Street and 26-01 4th Street—are slated to be demolished. These buildings are steps away from Phase 1 of the Astoria Cove development footprint, which is interesting to us. DOB lists the owners as Mings Garden Realty and AA Holding of Long Island City (a supermarket food distributor), who bought the properties in 2009. Via the Astoria Cove Development Environmental Assessment Statement In January Massey Knakal had the exclusive listing for both properties, with an original asking price of $18,000,000. MK knew this location would be valuable, being right next to Astoria Cove (arrows above point to location of the two properties): The neighborhood is set to undergo a massive revitalization with the coming construction of 4,000 new units, a bank, supermarket, school, commercial spaces, waterfront promenade and improved transit access. This neighborhood redevelopment is split between the Hallet’s Point project (approved) and Astoria Cove. With its size, available air rights and proximity to the waterfront and multiple large development projects, this site poses an excellent opportunity for a developer. It’s unclear what they are going to do with this property, but good chance they will be taking advantage of the development that will take place over the next ten years or so. Perhaps it will be more housing. This is something to keep an eye on. Also, not far away, the property at 2-21 27th Avenue is being sold as a “development site.” Things are happening in this part of Astoria. Twitter Facebook Email Print 26-01 4th Street26-15 4th StreetAA Holding of Long Island CityAstoria CovedemolitionMings Garden Realty About Meg Cotner Meg Cotner was trained as a harpsichordist and now works as a freelance writer and editor. She is the author of "Food Lovers' Guide to Queens," and is a skilled and avid home cook, baker, and preserver. One Comment Demolition Planned Near the Astoria Cove Mega Development | Brownstoner Queens July 29th, 2014 […] move through their public review process, action is already popping up around the development site. We Heart Astoria spotted demolition permits for two industrial buildings at 26-15 4th Street and 26-01 4th Street […] Reply Leave a Reply Cancel replyYour email address will not be published. Required fields are marked *Comment * Name * Email * Website Save my name, email, and website in this browser for the next time I comment.