115
NEW YORK CITY — ALMA Realty has acquired the former Apple Tag Building in Queens' Long Island City neighborhood for $21.5 million. The buyer plans to redevelop the five-story, 230,000-square-foot industrial loft building into retail and office space. Two floors will be added to the structure. Education and exhibition space will also be constructed. Kostas Alafoyiannis and John Maltz of Greiner-Maltz represented ALMA as well as the undisclosed seller. The development timetable was not released.