The Fortune Society Signs 31-Year Lease Renewal And Expansion At 29-76 Northern Boulevard
29 76 Northern Boulevard
Building Size
91,461 SF
Asset Type
Office
Closing
Jan 19, 2026
About this deal
AI
The asset involved in the transaction is an office space located at 29-76 Northern Boulevard in Long Island City. The property encompasses 91,461 square feet of office space, now fully occupied by The Fortune Society, which has signed a lease renewal and expansion agreement for the full second floor, ground floor, and lower level.
Summary of transaction details:
- Property Type: Office
- Transaction Amount: Not specified
- Date: 01/19/2026
- Market: Long Island City
- Tenant: The Fortune Society
- Brokers: Carri Lyon, David Lebenstein, Jared Thal, and Nick Chin - Cushman & Wakefield
Carri Lyon, David Lebenstein, and Jared Thal played significant roles as brokers representing The Fortune Society in the leasing transaction. Additionally, Nick Chin from Cushman & Wakefield was involved in facilitating the deal.
On the Map
Office
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Players
Long Island City Office Market Snapshot
Boundary boundary · Office · Lease transactions
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Purchase Price
Annual NOI
Loan Amount
Interest Rate (%)
Loan Term (yrs)
Down Payment (%)
Cap Rate
5.80%
Cash-on-Cash
-1.66%
Monthly Payment
$14,164
Annual Debt Svc
$169,964
Annual Cash Flow
$-11,334
DSCR
0.93