Brightshore Capital acquires 190-unit luxury multifamily property in Long Island City
Monday, November 2, 2026 · first reported by IREI and 1 other
Brightshore Capital has bought DŌMI, a 190-unit mixed-income multifamily complex in Long Island City, Queens, for a total of $150 million. The seller was a joint venture of SB Development, Hazelton Capital Group and Avenue Realty Capital. Affinius Capital provided $98.5 million of acquisition debt.
The property at 29-24 40th Avenue opened in October 2026 and has two towers with 133 market-rate and 57 affordable apartments, plus nearly 4,900 square feet of retail. The purchase drew on Brightshore's Opportunity Zone Fund II. Newmark teams arranged both the sale and the financing.
- Also named
- GTIS Partners, Affinius Capital
- Fund
- Opportunity Zone Fund II
- Deal value
- $150M
- Asset class
- Real estate
- Geography
- North America
The summary and fields above are extracted from the published reports and can contain errors. The linked articles are the source of record.
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