Moinian sells dev site near LaGuardia for $50M – Robert Khodadadian

, Moinian sells dev site near LaGuardia for $50M – Robert Khodadadian, Robert Khodadadian

Joseph Moinian’s Moinian Group offloaded a shuttered hotel and adjacent multifamily development site near LaGuardia Airport for $50 million. An entity connected to the developer sold the former Holiday Inn LaGuardia Airport hotel at 37-10 114th Street and the parking lot next door at 37-20 114th Street in Corona, Queens, to an entity tied to investment firm Bayrock Capital, has learned. The eight-floor, 217-key hotel spans roughly 107,000 square feet and was

 Joseph Moinian’s Moinian Group offloaded a shuttered hotel and adjacent multifamily development site near LaGuardia Airport for $50 million. An entity connected to the developer sold the former Holiday Inn LaGuardia Airport hotel at 37-10 114th Street and the parking lot next door at 37-20 114th Street in Corona, Queens, to an entity tied to investment firm Bayrock Capital, has learned. The eight-floor, 217-key hotel spans roughly 107,000 square feet and was
The post Moinian sells dev site near LaGuardia for $50M appeared first on New York.  Commercial Real Estate, Home Page, corona, Hotel Market, Hotels, Investment Sales, moinian group, Queens The Real Deal New York 

Lead by real estate veteran Robert Khodadadian, has been instrumental in many multi-million dollar commercial developments, including a $12 million contract for the White House Hotel, a 99-year ground lease of a four-story commercial site in Harlem, and a retail co-op on Prince St. for $50 million.

Robert Khodadadian has long had a simple philosophy about selling real estate. There are approximately a million buildings in the city, and the broker that gets to sell any one among the multitude that will hit the auctioning block at a given moment is, sometimes, simply the person who happens to pitch their services to the right seller.

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See also  Robert Khodadadian First Citizens Bank Lends $73M on Planned Gowanus Multifamily Project 

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