A rendering of the Skyline Tower (left) next to the Citigroup Building (Binyan Studios)
May 2, 2019 By Christian Murray
The first units have hit the market in the 67-story, 802-unit building that is going up in Court Square.
Twenty-units are now available in the condo, which will be the tallest building in Queens when it is complete. The listing prices for those units now on the market range from $660,400 for a studio to $2,325,610 for a three-bedroom.
The development, called the Skyline Tower and located at 23-15 44th Drive, is across the street from One Court Square and is being marketed as offering spectacular views and more than 20,000 square feet of luxury amenities.
The condos offer floor-to-ceiling windows, modern appliances, and marble-adorned bathrooms.
The initial listings are in floors four through 36. The developer anticipates that buyers in the bottom 36 floors will be able to move in by the end of 2020, around the same time that the Dept. of Buildings is expected to issue a Temporary Certificate of Occupancy.
Residents will be able to move into the higher floors by the end of 2021, when the TCO is expected to be issued. The upper floors will tower over the Citigroup building.
Eric Benaim, the CEO of Modern Spaces, anticipates that it will take four years to sell all of the units. Modern Spaces is the exclusive marketing and sales firm for the project.
The units will be priced from $500,000 through to $4 million. The total value of the units is expected to reach $1 billion, according to the plans filed with the state attorney general’s office.
The building will offer a 75-foot heating indoor pool, spa-like facilities, two residential lounges, a business center, children’s playroom, a pet spa, storage for 400 bicycles and private parking. Also available are 24-hour door staff and concierge services.
Rendering
Benaim is about to open a 6,000 square foot sales office in the Harrison Building, at 27-21 44 Drive, dedicated to the selling the 802 units that will be staffed with six sales representatives.
A large advertising campaign has begun that markets both Long Island City as a destination as well as the luxury building itself. Ads have gone up on bus stops and in the subway, with billboards up on the Long Island Expressway and elsewhere. TV commercials have started on NY1.
The project is likely to account for about 25 percent of the condo stock in Long Island City when it is complete, according to reports.
Chris Xu of United Construction and Development is the lead developer on the project, and is collaborating with partners Henry Yeung, Brian Pun of FSA Capital and Risland U.S. Holdings LLC.
