Office

21-01 51st Avenue LIC

2101 51st Ave, Long Island City, NY, 11101-4526, US

21-01 51st Avenue LIC_Property for Sale

Gallery

Asset description

JLL has been hired on an exclusive basis to arrange for the sale of 21-01 51st Avenue, a ~63,000 RSF Class A Office building in Long Island City.

Attributes

Building area gross
53,849 sf
Year built
1920
Land area Gross
0.48 acres (21,018 sf)

Investment highlights

JLL has been retained on an exclusive basis to market for sale the leasehold position in The Cardinal Building, located at 21-01 51st Avenue in Long Island City. The current sponsor recently completed an approximately $10 million capital campaign to fully renovate and reposition the building into a flexible, Class A office property. The turnkey

asset stands three stories, contains approximately 63,000 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.

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Last updated
Nov 30, 2022