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Don Fusco Leases 20,000 SF Office Space In Long Island City For Skanska USA Civil Northeast

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LEASED
$42

New York

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Office20,000 SF
Leased 06/11/2024
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LEASED

Don Fusco Leases 20,000 SF Office Space In Long Island City For Skanska USA Civil Northeast

21-01 51st Avenue

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Office20,000 SF
Leased 06/11/2024
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Summary

NEW YORK
Asset Type:Office
Price Per Square Foot:$42
Total Square Footage:20,000 SF
Transaction Type:Lease

Located at 21-01 51st Avenue in Long Island City, the office space leased at $42 per square foot spans 20,000 square feet. The landlord, Steven Kaufman from Kaufman Organization and True North, sealed the deal with tenant Don Fusco of Skanska USA Civil Northeast.

Summary of transaction details:

  • Property Type: Office
  • Transaction Amount: $42/ft
  • Address: 21-01 51st Avenue
  • Market: Long Island City
  • Landlord: Steven Kaufman - Kaufman Organization & True North
  • Tenant: Don Fusco - Skanska USA Civil Northeast
  • Landlord's Rep: Grant Greenspan - Kaufman Organization
  • Tenant's Rep: Jonathan Stravitz - BIOC Commercial Real Estate, LLC

Grant Greenspan represented the landlord, Kaufman Organization, in the leasing of the 20,000-square-foot office space to Skanska USA Civil Northeast. While on the tenant's side, Jonathan Stravitz from BIOC Commercial Real Estate, LLC played a key role in facilitating the agreement at the Cardinal Building in Long Island City.

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2 deals(201) 232-2767
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Details

LEASED
IMAGE: Grant Greenspan, Steven Kaufman, Don Fusco & Jonathan Stravitz DATE: 06/11/2024 ADDRESS: 21-01 51st Avenue MARKET: Long Island City ASSET TYPE: Office LANDLORD: Steven Kaufman - Kaufman Organization & True North TENANT: Don Fusco - Skanska USA Civil Northeast LANDLORD'S REP: Grant Greenspan - Kaufman Organization TENANT'S REP: Jonathan Stravitz (@JDStravi) - BIOC Commercial Real Estate, LLC ASKING RENT: $42/ft ~ SF: 20,000 NOTE: Skanska USA Civil Northeast has secured a 20,000-square-foot office space at the Cardinal Building in Long Island City, leased at $42 per square foot.

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Deal Type
Effective Rent (Annual)

$962,965.86

Total Lease Value

$9,629,658.62

Net Landlord Cash Flow$962,965.86