The Allaire

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.