Holy smokes! Former LIC cigar factory could sell for over $30M
PDS’ 103,000 sf office building to be marketed as resi conversion
April 01, 2015 06:00PM
By
Mark Maurer
35-11 and 35-31 9th Street in Long Island City (inset: Evan Daniel)
UPDATED, 7:45 p.m., April 1: A Long Island City warehouse converted from a 19th-century DeNobili cigar factory is now on the market and has received offers for north of $30 million. PDS LLC, a private Northern Manhattan-based firm, has owned the four-story, 102,670-square-foot building at 35-11 and 35-31 9th Street since 2008, when it paid $11.8 million.
Modern Spaces’ Evan Daniel and Edward DiTomasso are marketing the site as a residential conversion, given the R5 zoning.
The property, which was built in 1896 and renovated in 2012, has 57 commercial units and two cell towers. There are ceilings as high as 20 feet, and exposed beams and arched windows. The listing includes a vacant lot next to the building of more than 6,000 square feet.
A representative for PDS could not be reached for comment.
Development sites marketed as residential conversions are all the rage in Long Island City. Citigroup is looking to sell a development site just north of One Court Square with almost 780,000 buildable square feet, as The Real Deal reported.
Claire Moses contributed reporting.
