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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.
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.