Engineers Labor Union Selling NY Headquarters in Queens
Lauren Elkies Schram Nov. 3, 2015, 12:15 p.m.
A Queens-based chapter of an engineers union is selling its long-time New York home in the Richmond Hill area, Commercial Observer has learned.
International Union of Operating Engineers Local 30 has tapped Suzuki Capital‘s Colby Swartz, Dino Mouzakitis, Thomas Li and Darius Pereira to market the building at 115-06 Myrtle Avenue as a residential development site. It offers 26,524 buildable square feet as of right, and 70,000 square feet with inclusionary housing.
“The union opened the building in the early 1990s and are now moving to a new state-of-the-art headquarters next to the Cross Island Parkway,” said Mr. Swartz, a broker and managing director at Suzuki Capital. Its new digs will be at 16-16 Whitestone Expressway.
The site consists of four parcels at the corner of Myrtle Avenue and 115th Street, formerly known as the Richmond Hill Post Office.
They “were bought from 1982 thru 1993 to assemble the current development opportunity,” Mr. Swartz said.
The property is expected to fetch between $4.5 million and $5.3 million, a source with knowledge of the property said.
No one from IUOE Local 30, which represents over 4,000 engineers and facilities maintenance workers in New York and Connecticut, responded to requests for comment.