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Off Market
1/13

21-30 44th Dr
Long Island City, NY 11101


HIGHLIGHTS

  • Immediate Cash Flow with Long-Term Tenants
  • High NOI
  • 15-year ICAP in Effect Through June 2037
  • Located in Transit Hub of 8 Subway Train Lines, 15 Bus Lines & 3 Ferry Landings
  • Neighborhood Growth is 5x Faster than the Growth Rate for all of NYC (Source: LIC Partnership)
  • Notable Neighbors: MoMa Ps1, Trader Joe's, Target, Starbucks, Chipotle, CUNY Law School, Orange Theory, Sweetgreen, Paris Baguette

OVERVIEW

Built in 2019, Corte is an 8-story, 85-unit residential and two-unit commercial mixed-use condominium designed by Argentinian architects Dieguez Friedman and New York-based Beyer Blinder Belle. CORTE is a bold building with clean lines and rich architectural details, featuring a contemporary façade composed of full-height Wicona-Italian glass windows wrapping a cascade of “jewel box”-style units, creating a visually stunning experience. Long Island City is located in the western section of Queens. The population grew by 40% between 2010 and 2020. This growth is 5x faster than the growth rate for NYC. Foot traffic along Jackson Avenue, just one block from Corte, has increased by more than 300% since 2007*. - Eight subway lines – 7, E, F, G, M, N, R, W - 15 Bus lines - 74 CitiBike Stations - 3 Ferry Landings - Close proximity to La Guardia and JFK airports Notable Corte neighbors include: MoMa PS1, Trader Joe’s, Target, Starbucks, Chipotle, Sweetgreen, CUNY School of Law, Orange Theory, Paris Baguette * Source: LIC Partnership

FOR SALE DETAILS

PRICE

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# OF UNITS

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CAP RATE

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% LEASED

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BUILDING DETAILS

PROPERTY NAME

Corte Condo Retail

PROPERTY TYPE

Multi-Family

APARTMENT STYLE

Mid-Rise

PROPERTY SUBTYPE

Apartments

TOTAL BUILDING SIZE

131286

STORIES

8

YEAR BUILT

2019

PARKING SPACES

19

LAND DETAILS

LAND ACRES

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LAND SF

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ZONING

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APN/PARCEL ID

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