United Artists Cinemas2018-03-28T17:16:07+00:00

Project Description

United Artists Cinemas

35-30 38th Street, Queens (Astoria), NY

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Property Type

Commercial/Future Development

Project Type

Acquisition

Role

Co-General Partner

Acquisition Cost

$47.1 million

Square Footage

84,000

Developer Partner

Kaufman Acquisitions LLC

Architect

TBD

Acquisition Lender

Customers Bank

Located in the heart of the Kaufman Arts District, a thriving cultural hub, the property is currently 100% leased to and occupied by United Artists Theatre Circuit, Inc. (UA) under an NNN lease. The property consists of an 84,000 square foot, 14-screen, stadium-seating, megaplex. Since opening, UA Cinemas at Kaufman Astoria Studios consistently ranks as one of the top-grossing UA locations in the country and is currently generating sales in excess of $1 million per screen.

Spanning almost an entire city block, this property presents an exciting opportunity for future redevelopment with its excellent location and transit access.