21-01 51 AVENUE

For Sale - Queens - Long Island City

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Key Details

Property Type
Office Building
Long Island City
Property Dimensions
200.0 x 90.0
Property Area
53,849 sq.ft.
Total Units:
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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

70/1, 52
Lot Dimensions
200.0 x 90.0
Lot Area
21,016 sq.ft
Jacob RussellJLL
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Sales & Transactions

AddressSale PriceSale DateProperty Type
37-31 10TH ST$6,900,00005/03/2018Office Building
38-47 10TH STREET$3,700,00005/03/2018Office Building
25-34 JACKSON AVENUE$337,33312/09/2016Office Building
21-42 44TH DRIVE$9,778,61702/02/2016Office Building
21-42 44TH DRIVE-11/12/2015Office Building
31-21 THOMSON AVENUE-08/20/2015Office Building
31-21 THOMSON AVENUE-08/19/2015Office Building
11-45 47TH AVENUE$12,350,00008/03/2015Office Building
42-22 27TH STREET$39,000,00006/02/2015Office Building
33-00 NORTHERN BOULEVARD$71,000,00003/18/2015Office Building