CAVU Property Group purchased two adjacent properties in Long Island City from Jay Kestenbaum for a combined $34 million, likely for ground-up development. The first site at 38-18 33rd Street sold for $18.5 million and includes 30,000 square feet of built space with 102,462 square feet of air rights. The second, at 32-20 38th Avenue, sold for $15.5 million. Together, the sites offer over 141,000 buildable square feet. CAVU is led by Steven Hurwitz.
CAVU Property Group
