Corte Condo Retail
16,232 SF Retail Condo Unit Offered at $13,800,000 in Long Island City, NY 11101
For Sale
Active
- Date Added:
- May 17, 2024
- Days on Market:
- 28 days
Asking Price $13,800,000
- Property Type
-
Multifamily
Listing Contacts
Troy Allen
Verified Profile
Alexis Yoo
Verified Profile
- Property Info
Property 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
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
Property Details
- Class
- B
- Year Built
- 2019
- Lot Size (sq. ft)
- 24,829 SF
- Units
- 1
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
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