Flushing condo building completed after foreclosure process

Triangle Equities condos cut
Photo courtesy of Triangle Equities

The condominium building at 42-05 Parsons Blvd. in Flushing has finally been completed, owner Triangle Equities announced on Monday.

The real estate development firm acquired the uncompleted building a few years ago, and proceeded to finish the nearly 30,000-square-foot, nine-story, mixed-use structure after a foreclosure process.

“We purchased a non-performing note collateralized by the building in 2011, which had been 85 percent complete,” said Brett Goldman, director of acquisitions at Triangle Equities. “After going through the foreclosure process, we ultimately obtained control of the asset and are thrilled to be able to offer brand-new luxury housing and office space to the surrounding community.”

The Raymond Chan-designed building features an all-glass and panel façade, which allows views of Queens, and even the Manhattan skyline at top floors.

On the first two floors there are five condo office units, which are being marketed for sale.

And in the upper floors there are 14 condos apartments, which are 90 percent sold, including two penthouse units with three bedrooms and three bathrooms on the eighth and ninth floors.

Prices in the building for residential condos start near $550,000 and top out over $1 million.