PropertyIDX - 21-01 51 AVENUE (New York)

21-01 51 AVENUE

For Sale - Queens - Long Island City

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Net Operating Income: Contact Agent

Key Details

Property Type: Office Building
Neighborhood: Long Island City
Property Dimensions: 200.0 x 90.0
Property Area: 53,849 sq.ft.
Total Units:: 3
Stories:: 3
NOI: Contact Agent
Price: Submit Best Offer
Price Per Unit: -
Cap Rate: -%

Listing Description

JLL has been retained on an exclusive basis to market for sale the ground lease position in The Cardinal Building, located at 21-01 51st Avenue in Long Island City. The current sponsor recently completed a $10+ million capital campaign to fully renovate and reposition the building into a flexible, Class A office property. The turn-key asset stands three stories, contains approximately 62,701 rentable square feet and will be delivered vacant for immediate occupancy. The Cardinal Building represents an ideal opportunity for a user or investor seeking to capitalize on the growth of Long Island City.

Property Details

Block/Lot:: 70/1, 52
Lot Dimensions: 200.0 x 90.0
Lot Area: 21,016 sq.ft
Zoning:: M3-2

Jacob RussellJLL

Sales & Transactions

Address	Sale Price	Sale Date	Property Type
37-31 10TH ST	$6,900,000	05/03/2018	Office Building
38-47 10TH STREET	$3,700,000	05/03/2018	Office Building
25-34 JACKSON AVENUE	$337,333	12/09/2016	Office Building
21-42 44TH DRIVE	$9,778,617	02/02/2016	Office Building
21-42 44TH DRIVE	-	11/12/2015	Office Building
31-21 THOMSON AVENUE	-	08/20/2015	Office Building
31-21 THOMSON AVENUE	-	08/19/2015	Office Building
11-45 47TH AVENUE	$12,350,000	08/03/2015	Office Building
42-22 27TH STREET	$39,000,000	06/02/2015	Office Building
33-00 NORTHERN BOULEVARD	$71,000,000	03/18/2015	Office Building

21-01 51 AVENUE

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