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ASTORIA, NY-Orin Wilf, president of Skyline Developers LLC, closed on the purchase of 28-56, 28-60 Steinway St., which is located on the corner of 30th Ave. and Steinway St. in Queens. Wilf acquired the building from a group of local investors for a purchase price of $22.5 million.

Formerly a movie theater, the building, built in 1920, currently houses a New York Sports Club, Duane Reade and a branch of Washington Mutual Bank. Skyline has been in the news recently as it is currently building two residential condo buildings, one at 170 East End Ave. and the other at 37 Wall St., as GlobeSt.com has reported.

Wilf is expanding his retail holdings to Queens. “We feel that Astoria represents an emerging and still undervalued opportunity,” Wilf says in a prepared release. “We believe this property fits well into our commercial portfolio.”

Skyline Developers is a Manhattan-based affiliate of privately held Garden Homes Development. Garden Commercial Properties, also an affiliate, owns and manages more than 20 million sf of commercial properties in 37 states nationwide. Skyline also recently purchased three buildings for $170 million at 1040, 1050 and 1052 Ave. of the Americas as GlobeSt.com reported. The company also purchased 1381 through 1389 Third Ave. for $36 million, where it plans to construct a luxury rental property. Skyline was unable to respond to questions by press time.

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