Cushman & Wakefield announced today that it has been retained by The Criterion Group to sell 30-50 21st Street and 11-15 Broadway, two newly constructed luxury residential buildings totaling 144 units in Astoria, Queens, NY.
The properties, which are both 100% occupied, offer investors the opportunity to acquire two luxury class-A apartment buildings within one of New York City’s most desirable neighborhoods. Both buildings feature luxury in-unit finishes and top-rate amenities, 24-hour attended lobby, on-site parking and fitness center, and roof deck access offering breathtaking Manhattan skyline views. 30-50 21st Street and 11-15 Broadway are located within walking distance from major subway lines and is a 15 minute ride from Midtown Manhattan.
A Cushman & Wakefield New York Capital Markets team of Helen Hwang, Nat Rockett, Karen Wiedenmann, Brian Szczapa and Gideon Gil are leading the marketing effort.
“Astoria is already one of New York’s best residential neighborhoods, but is now becoming a top alternative to Manhattan for luxury living,” said Helen Hwang. “The area is increasingly attracting young professionals and families, as well as lifestyle conscious renters looking for a better value proposition in an exciting neighborhood that offers many transportation conveniences.”
The Criterion Group, which is headquartered in Astoria, Queens, has developed more than 660 units in several boutique projects throughout the area. Criterion has focused its development activity primarily in desirable neighborhoods that allow it to combine an urban setting with a wide array of high-class amenities and transportation conveniences.