Jan. 20, 2015 By Christian Murray
A large piece of Hunters Point real estate sold earlier this month—next to 5Sl and cater-corner with Duane Reade.
The property, 47-33 5th Street, sold for $12 million and the transaction was filed with the city Friday. The purchaser was Eunhasu Corp., an Elmhurst based real estate firm.
The four-story industrial building is zoned for residential development.
In 2009, the previous owner, 47-33 5th Street Corp, filed plans with the Building Department to construct a six-story structure with 14 units.
The property had been bought by that firm in 2003 for $2.25 million, according to city records.
The chief executive of Eunhasu is Kyu Heung Park.
knew it was just a matter of time for this to get developed
neighborhood is at maximum density
next is the old paint factory on vernon and 45th
The old paint factory has been owned by a big developer for a few years now, just a matter of time before they start doing something… though I’m sure there’s going to be an intense cleanup process first.
Good – both are decrepit eyesores in their current state. My question is if these will become condos or rentals and what the ground floor commercial space will be like.