60 Guilders Acquires Long Island City Office Building From Vornado Realty Trust For $175M

An office property located at 33-00 Northern Boulevard in Long Island City was recently sold in a closed transaction. The property, spanning 550,000 square feet, was purchased by 60 Guilders from Vornado Realty Trust. The sale price for the office asset amounted to $175,000,000, resulting in a price per square foot of $318.

Summary of transaction details

• Property Type: Office
• Transaction Amount: $175,000,000
• Address: 33-00 Northern Boulevard
• Market: Long Island City
• Buyer: 60 Guilders
• Seller: Vornado Realty Trust
• Brokers: Adam Spies, Doug Harmon, Josh King, Adam Doneger, Marcella Fasulo, and Kevin Donner - Cushman & Wakefield
• Total Square Footage: 550,000
• Price Per Square Foot: $318

The deal was facilitated by influential brokers Adam Spies, Doug Harmon, Josh King, Adam Doneger, Marcella Fasulo, and Kevin Donner from Cushman & Wakefield. Their expertise and negotiation skills contributed to the successful completion of the transaction.