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Carlyle Group Pays Record Price for LIC Luxury Rental

“One of the most astute investors on the planet is buying here. That should tell you something,” says Will Silverman, the sellers’ broker, in a GlobeSt.com interview.

1 QPS Tower in Long Island City, Queens 1 QPS Tower in Long Island City, Queens

NEW YORK CITY—A fund managed by the Carlyle Group is paying $284 million for 1 QPS Tower, a luxury, multifamily rental in Long Island City, Queens, as first reported in The Wall Street Journal.

The news outlet reported Will Silverman, a managing director at Hodges Ward Elliott, represented the joint venture selling the property, which includes Property Markets Group, New Valley, and the Hakim Organization.

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Betsy Kim

Betsy Kim

Betsy Kim was the bureau chief, East Coast, and New York City reporter for Real Estate Forum and GlobeSt.com. As a lawyer and journalist, Betsy has worked as the director of editorial and content for LexisNexis Lawyers.com, a TV/multi-media journalist for NBC and CBS affiliated TV stations in the Midwest, and an associate producer at Court TV.

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