The Allaire_Property for Sale
The Allaire_Property for Sale
21st Street 44-74, Queens, NY, 11101, US

The Allaire

Asset description

Jones Lang LaSalle (“JLL”) has been retained on an exclusive basis to arrange the sale The Allaire (the “Property”), located at 44-74 21st Street and 11-55 45th Avenue at the crossroads of the Hunter’s Point and Court Square neighborhoods of Long Island City, Queens. The Property is 61% fair market, and comprised of 1 studio, 25 one-, 11 two-, and 9 three-bedroom units. The Property generates additional revenue from 2,000 SF of

ground-level retail space and a rooftop antenna lease. The current commercial tenants, Dunkin’ Donuts and LIC Wine & Liquor, have 9-years of term remaining, providing owners with stable and strong ancillary income streams. The Allaire represents a unique opportunity to acquire a newly renovated asset at the crossroads of the Hunter’s Point and Court Square neighborhoods, with proximate transportation providing access to Manhattan in less than 15 minutes.

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Attributes

Units
46
Year built
1917

Media

Investment highlights

  • Newly Renovated Asset with Thoughtful In-Unit Finishes
  • Superior Transportation Network
  • Most Desirable LIC Neighborhoods
  • High Demand / Low Inventory
  • Strong Submarket Demographics

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The Allaire (0 Properties)

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Last updated
Oct 29, 2024