Amazon Signs Lease For Retail Space In Long Island City

The retail property located at 38-50 21st Street in Long Island City was recently leased in a transaction that took place on February 17, 2021. The asset spans approximately 20,000 square feet in size and is situated in the thriving market of Long Island City.

Summary of transaction details:

• Property Type: Retail
• Transaction Date: 02/17/2021
• Address: 38-50 21st Street
• Market: Long Island City

The tenant for this retail space is Amazon, a prominent online retailer. The landlord involved in this transaction is Century Development Group, represented by George Xu.

The lease agreement for this property included an asking rent of $51 per square foot. With a size of 20,000 square feet, the total rent amounted to an estimated value of $1,020,000 per year.