Queens’ Tallest Tower Launches Record-Breaking Sales
Long Island City’s Skyline Tower has sold 25% of its luxury condominiums for $223M in two and a half months.
NEW YORK – Skyline Tower, the tallest building in Queens, has officially launched its sales. Modern Spaces is exclusively handing all marketing and sales for the luxury condominiums.
The firm has sold $223 million or 25% of units ranging from $640,000 to $2.365 million, in two and a half months since the project’s soft-launch in May. The tower’s in-contract units currently average $1,583 per square-foot, about $200 more per square-foot than any other residence on market in Queens.
Skyline Tower initially broke the record for the highest projected sell out at $1.067 billion, excluding penthouses which will be released at a later date.
The 67-story, 778-foot tower serves as the tallest building in New York City, outside of Manhattan. It is located at 3 Court Square in Long Island City’s Court Square neighborhood, one of the fastest-growing commercial and cultural hubs in New York City. The building features 802 units, offering studio to four-bedroom floorplans, ranging from 400 square feet to 1,547 square feet. Units start at $500,000 to $4 million and move-in dates are slated to begin in 2020.
Tower amenities include a 75-foot temperature-controlled lap pool, a whirl pool spa with steam and sauna rooms, a fitness facility, a children’s playroom, a resident lounge, a business center, a lounge area with a kitchen and double-level terrace, bicycle storage and a mail and package room. Private parking and storage units are also available for tenants to lease or purchase. The tower will provide a full-time concierge service and doorman.
The building will also offer private yoga and Pilates classes, group weight and cardio classes, aquatic fitness lessons, massage therapy, in-home chef and catering services, furniture installation, personal shopping, in-home salon services, travel and transportation planning, housekeeping, home-office tech support and pet-friendly programs such as dog walking, daycare, grooming, behavioral training and veterinary house calls.
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Hill West Architects designed the tower, featuring 358,538 square feet of translucent glass. Whitehall Interiors designed the space with modern finishes, quartz slab countertops and backsplashes and stainless-steel Bosch appliances. The unit and building bathrooms are equipped with Kohler bronze and porcelain fixtures.
Risland Holdings LLC, FSA Capital and United Construction & Development Group are developing the building in a joint venture. Development plans include 26,841 square feet of ground-floor retail space, in addition to a $17 million contribution for a new entrance to the Court Yard subway station at the building’s base, which serves the E, M, G and 7 lines. Additional transit options for Skyline Tower tenants include the East River Ferry and the Long Island Railroad.
Modern Spaces is an independently-owned brokerage firm that focuses on sales, leasing, marketing and project development for residential and commercial real estate in New York City.
Risland US Holdings LLC is a global real estate group that provides residential real estate projects, property management, home building and construction management.
FSA Capital is a diversified real estate organization that specializes in investing in and developing properties throughout the New York area.
United Construction & Development Group, founded in 1996, focuses on developing, constructing and managing assets across various sectors including multifamily, office, retail, mixed-use and hospitality.
Hill West Architects is an architecture firm with more than 120 professionals that specializes in designing buildings across numerous sectors in urban environments.
Whitehall Interiors is a Manhattan-based design firm that specializes in interiors and custom finishes from new construction to renovation projects.