Gantry Point / 25-11 49th Avenue

  • Long Island City, NY
  • 237,000 RSF
  • Unrealized

Located in the Hunters Point submarket of Long Island City, Queens, Gantry Point sits in the heart of the ‘Factory District,’ the center of an emerging creative office location for tenants seeking industrial character and convenient amenities with immediate access to transit serving both midtown Manhattan and the Long Island suburbs.

The property was acquired on an off-market basis following a sixteen-month contract period. Prior to closing, there was advanced design and construction documentation, building permits were obtained, and secured construction financing. Upon closing, the redevelopment of the existing 87,000 sf industrial property was commenced and the development of a 150,000 rsf nine-story loft office building featuring 14’ exposed concrete ceilings, large factory windows, and multiple outdoor terraces is set to deliver 2020.