Brightspire Capital Sells Long Island City Office For $21.5 Million With Newmark Representing

The asset involved in the transaction is an office property located at 21-10 51st Avenue in Long Island City. The property was sold for a total of $21,500,000, encompassing a total square footage of 180,314, resulting in a price per square foot of $119.

Summary of transaction details:

• Property Type: Office
• Transaction Amount: $21,500,000
• Address: 21-10 51st Avenue
• Market: Long Island City
• Seller: Brightspire Capital
• Square Footage: 180,314
• Price Per Square Foot: $119
• Brokers: Adam Spies, Joshua King, Daniel O'Brien, Caroline Hodes & Danny Jones - Newmark

The transaction involved several key individuals, including brokers Adam Spies, Joshua King, Daniel O'Brien, Caroline Hodes, and Danny Jones, all representing the seller, Brightspire Capital, through Newmark.