Wednesday, August 28, 2013
CB1 member forms LLCs for 2 Malba properties
I received a request from a reader to look into the property records of the 2 houses pictured here. The addresses are 13-35 143rd Street and 13-39 143rd Street in Whitestone/Malba.
The owner of both properties is Pauline Jannelli, who purchased both homes between 2003 & 2004. Ms. Jannelli is a board member of CB1 in Astoria.
In 2011, Jannelli formed 2 LLCs - one for each house - and transferred the deed over to them.
The current R1-2 zoning allows for one enormous McMansion here, should the lots be combined (minimum lot width is 60ft & current lot widths are 40ft) and the owner desires to build. Of course, there's always the possibility that the landlord wanted to form LLCs to collect rent...10 years after purchasing the homes that happen to be next to each other.
Only time will tell, but perhaps the writing's on the wall here.