Criterion Group buys Long Island City development site for $80M

Shibber Khan’s Criterion Group paid just shy of $80 million for a Long Island City development site that had been the subject of a lawsuit with the property’s seller. The Astoria-based developer paid $79.95 million for the two parcels just north of Queensboro Plaza between 22nd and 23rd streets, property records filed with the city Tuesday show. The seller is listed as PEC Realty Corporation, which property records connect to Allan Briteway Electrical Contractors Inc. […]

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