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A lot next door to Steinway's factory will be sold to a group including Robert De Niro.

Steinway To Sell Unused Land
To De Niro For $73 Million

Site to become a 500,000-square-foot film studio.

STEINWAY AND SONS has entered an agreement to sell a 5.25 acre lot adjacent to its Long Island City factory to a group that includes actor Robert De Niro for $73 million. The renowned actor, his real estate broker son, and the development company Wildflower plan to turn the site into a 500,000-square-foot film studio that will generate content for Amazon, Hulu, and HBO. $425 million is being budgeted to build out the studio. The lot is currently vacant, and the sale will have no impact on Steinway operations.

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