Sales Records Broken by Queens’ Tallest Tower

$223M / 200+ Units Sold in 2.5 Months
Skyline Tower

August 12, 2019— Sales are officially underway at luxury condominium in Long Island City, Skyline Tower, the tallest building in New York City, outside Manhattan. Leading brokerage firm Modern Spaces, which is exclusively handling marketing and sales at the much-anticipated tower, has sold $223 million worth of inventory – with units sold ranging in price from $640,000 to $2.365M. Since the project’s soft launch in May, the firm has officially sold 25% of the building’s 802 units. Skyline Tower initially broke record for the highest projected sell out at $1.067 billion, which excluded penthouses that will be released at a later date.

The 67-story tower is located at 3 Court Square in Long Island City’s blossoming Court Square neighborhood. Elegant studio-to-four-bedroom homes range in size from 400 to 1,547 square feet, with pricing starting at approximately $500,000 to $4 million and move-ins slated to begin in 2020. The building is being developed as a joint venture by Risland Holdings LLC, FSA Capital and United Construction & Development Group, with plans for 26,841 square feet of ground-floor retail space, as well as a new multi-million-dollar Court Square subway stop at the building’s base.

“Since officially launching sales, Modern Spaces has sold over 200 of 802 units, making Skyline Tower one of the most ground-breaking projects in New York City and a true pioneer for the future of residential real estate in Long Island City, Queens,” said Eric Benaim, CEO and founder of Modern Spaces. “As the tallest residential building in Queens, residents at Skyline Tower will live a truly elevated lifestyle with never-before-seen views of Manhattan, making it one of the most exclusive properties in the City’s condo market. And, with its prime location, extensive amenity package and striking design, we are confident that these new homes will draw more young professionals and new families to the neighborhood.”

Topping out at a soaring 778 feet, the Hill West Architects-designed tower features curtain walls that boast unobstructed views of the Manhattan skyline and iconic buildings such as the Empire State Building, One World Trade Center and Rockefeller Center. The sleek, glass façade comprises 358,538 square feet of translucent glass–equivalent to six football fields–setting the project apart from LIC’s burgeoning skyline.

Interiors were designed by Whitehall Interiors with spacious layouts crafted to evoke a modern-yet-timeless aesthetic. Kitchens showcase refined, modern finishes, including quartz slab countertops with matching backsplashes and top-of-the-line stainless-steel Bosch appliances. Master and secondary bathrooms exhibit clean design with beautiful porcelain and bronze fixtures by Kohler.

Skyline Tower’s light-filled amenities include a 75-foot temperature-controlled lap pool; a whirl pool spa with steam and sauna rooms; a fully-equipped fitness facility; a whimsical, hot air balloon-themed children’s playroom; a third-floor resident lounge with an integrated business center, large-screen television and billiards table; a fifth-floor lounge area with a demonstration kitchen and a fully-furnished, double-height terrace; bicycle storage; a mail and package handling room and more. Residents also have the option to lease private parking and purchase storage units.

Premium concierge services include a full-time doorman and concierge; private yoga and Pilates classes; group weight and cardio classes; aquatic fitness lessons; massage therapy; pet-friendly programs, including dog walking, daycare, grooming, behavioral training and veterinary house calls; in-home chef and catering services; furniture installation; personal shopping; in-home salon services; travel and transportation planning; home-office tech support; housekeeping and more.

Court Square is one of the fastest-growing cultural and commercial hubs in New York City. Skyline Tower will contribute to the vitality of the neighborhood with its ground-floor retail spaces. Many new and exciting food options have risen in the area, such as Bareburger, Communitea, Bierocracy and Dutch Kills. Arts and entertainment venues are also in close reach, such as MOMA PS1, Sculpture Center, Dorsky Gallery and more. Additionally, Skyline Tower has a multitude of transit options, such as the Court Square subway station, the East River Ferry and the Long Island Railroad. Skyline Tower has committed approximately $17 million for a new entrance to the Court Square station, which serves the E, M, G, and 7 lines, at the base of the building.

Categories
CommercialDealsMultiFamilyNationalNew YorkNortheastSales

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