The Real Deal Sotheby’s has paid $82.5 million, or nearly $344/sf, for the 240,000-square-foot office building at 25-11 49th Ave. in Long Island City, N.Y. The auction house is buying the building, also known as Gantry Point, from a venture of Columbia Property Trust and Keystone Equities. Columbia had assumed its share of the property […]

The post Sotheby’s Pays $82.5Mln for Long Island City, N.Y., Office appeared first on Commercial Real Estate Direct.