The View at 4630 Center Boulevard and unit 304 in the building

The View, TF Cornerstone’s Long Island City waterfront condominium, has passed the 50 percent sold mark. Since last summer, the condo has seen up to 11 closings per month. Nest Seekers International is the exclusive sales and marketing agent for the 184-unit condo, located at 4630 Center Boulevard. The 18-story condo features one-, two- and three-bedroom units up to 1,879 square feet, with prices starting at $616,000. Each unit offers floor-to-ceiling windows with views of the water, white oak flooring, Viking and Sub Zero appliances, washer-dryers and private balconies or terraces. TRD [more]

From left: K. Thomas Elghanayan and brother Frederick started TF Cornerstone

Now that the division of Rockrose has been finalized, the two younger Elghanayan brothers are looking to snap up distressed assets. “Our plan is to look for properties that are in some form of incomplete state,” K. Thomas Elghanayan, who with his brother Frederick is now doing business under the name TF Cornerstone, told The Real Deal.
“We can take something that’s half-built and we can finish it, manage
it, rent it out, sell it, and do whatever we need to do. We’re looking
at a couple of opportunities like that, where we’d be buying these
[properties] from financial institutions.” In fact, he said, TF (for Thomas and Frederick) Cornerstone is close to making a deal on two properties in the New York metro area: one is a “broken condo,” and another is a development deal where construction started and stopped. [more]