Long Island City Multifamily Building at 44-73 21st Street Sells for $4.5 Million
Jonathan Mines of The Mines Group brokered the sale of 44-73 21st Street, a fully leased walk-up multifamily property in Long Island City that closed on July 21, 2026 for $4.5 million.
The Property
44-73 21st Street is a vintage walk-up apartment building in Long Island City, Queens. Jonathan’s marketing materials described the property as a 25-unit, approximately 20,312-square-foot multifamily building that was fully leased and offered upside for an investor. The property is located near Court Square transit and within walking distance of the 7 train.
The Assignment
Jonathan Mines served as the listing contact for the property through The Mines Group. The property was marketed at approximately $4.7 million before closing for $4.5 million.
In an April 2026 interview about the assignment, Jonathan discussed how Long Island City’s investment story extends beyond newer glass towers. He positioned 44-73 21st Street as an older apartment asset within a neighborhood that has undergone significant development while retaining established residential buildings and walkable access to Manhattan-bound transit.
The Result
The sale closed on July 21, 2026 for $4,500,000. Based on the approximately $4.7 million asking price shown in the marketing, the closing price represented roughly 96% of ask.
What this story shows: Even in a market known for major new development, older multifamily assets can present a distinct investment story when the property, neighborhood and buyer case are positioned together.
Why Long Island City Matters to Multifamily Investors
Long Island City combines established housing stock, extensive subway access and years of large-scale residential development. For investors evaluating older multifamily buildings, value can depend on more than a borough-wide market narrative. Building condition, tenancy, regulation, income, location within the neighborhood and access to transit all shape how buyers underwrite an individual asset.
Frequently Asked Questions
What did 44-73 21st Street sell for?
The multifamily property closed for $4.5 million on July 21, 2026.
How many units are at 44-73 21st Street?
Jonathan’s listing materials and a 2026 interview about the sale described the property as a 25-unit apartment building. Some third-party property databases report a different unit count, so this story uses Jonathan’s own marketing information.
Who brokered the sale?
Jonathan Mines of The Mines Group was the listing contact and was described in a pre-sale interview as brokering the sale of the property.
Was the building occupied?
The listing described the building as fully leased at the time it was marketed.
Where is the property located?
44-73 21st Street is in Long Island City, Queens, near Court Square and multiple subway lines.
Thinking about selling a multifamily or mixed-use property?
Jonathan can review the property, current buyer demand and the factors most likely to influence pricing before you decide what comes next.