Sale of Waterfront Office Building Breaks Records

Posted by on Tuesday, May 26th, 2015 at 11:29am

The large office building at 1 Edgewater Plaza in Stapleton recently sold for $21.5 million, marking one of the most expensive real estate transactions this borough has ever seen.

The property is currently home to the Board of Elections and an NYPD precinct, and formerly housed an EZPass center. The purchase was made by NYC developer Stephen Wu. Wu has stated that the building will continue to be used as office space. The developer also stated that he feels it was a secure investment, since the surrounding neighborhoods of Stapleton, Tompkinsville, and St. George are each seeing major developments that will bring new life and business to the area.

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