Compared to the current up-and-down state of the luxury residential market in Manhattan, Skyline Tower, touted as Queens' tallest condo tower, appears to be doing brisk business.
According to a press release, the Long Island City-based development has already sold $223 million in inventory, or 25 percent of the building's 802 apartments, since its sales launch in May. Prices for the units sold ranged from $640,000 to $2.36 million, and the tower is projected to sell out at $1 billion.
Eric Benaim, CEO and Founder of Modern Spaces, which is the brokerage firm handling the sales and marketing of Skyline Tower, said in a statement: “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.
"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.”
Located at 3 Court Square, the tower measures 67 stories, and its units range from studio to four-bedrooms. Among the features of the apartments include Bosch appliances, kitchens with modern finishes, and bathrooms with Kohler fixtures.
The building's amenities will have a full-time doorman and concierge, a 75-foot lap pool, a children's playroom, and a fifth-floor lounge.
Designed by Hill West Architects, Skyline is expected to welcome occupants next year.
David Chiu is an associate editor at The Cooperator.