Queens condo asking $5.4M could set a new borough record

Prices in Long Island City continue to far exceed those in the rest of Queens

New York /
Sep.September 01, 2015 09:01 AM

Queens may not be the new Manhattan or even yet the new Brooklyn, but with luxury condominium units in Long Island City fetching upwards of $5 million, maybe it doesn’t have to be.

The owner of the borough’s most expensive listing, a penthouse at 46-30 Center Boulevard, accepted an offer for the deluxe three-bedroom unit, which features a wraparound terrace and cathedral ceilings. The apartment was asking $5.4 million, but the expected sale price was not disclosed to the New York Daily News.

 

The deal hasn’t been finalized, but through a special arrangement with the owner, taxi mogul Basil Messados, the buyers have already moved in, the newspaper reported.

Silvette Julian of Nest Seekers International had the listing. Messados bought the unit in 2009, paying $2.5 million.

The high price remains in an anomaly in Queens, where the median apartment price was just $385,001 in the second quarter of 2015, according to a recent report. [NYDN]Ariel Stulberg


Related Articles

arrow_forward_ios
TF Cornerstone President Frederick Elghanayan with 2-10 54th Avenue and 55-01 Second Street in Long Island City (Google Maps)

The 10 biggest new project filings in NYC

The 10 biggest new project filings in NYC
A rendering of the site at 41-50 21st Street in Long Island City (Rendering via FX Collaborative)

LIC Opportunity Zone dev site asks $60M

LIC Opportunity Zone dev site asks $60M
Rendering of 22-43 Jackson Avenue (Trader Joe’s)

The priciest outer-borough condo filings of 2020

The priciest outer-borough condo filings of 2020
Innovo Property Group's Andrew Chung and the LIC property. (IPC)

Andrew Chung plans massive industrial project in Long Island City

Andrew Chung plans massive industrial project in Long Island City
Chris Whittle and Tishman Speyer’s Rob Speyer with a rendering of The Wheeler at 181 Livingston Street (Photos via Getty Images and The Whittle School)

Here are the 10 biggest office leases in Brooklyn and Queens of 2020

Here are the 10 biggest office leases in Brooklyn and Queens of 2020
From left: Eliot Spitzer, 420 Kent Avenue, Two Trees Management’s Jed Walentas  and 300 Ashland Place in Brooklyn (Photos via Getty; ODA Architecture, 300 Ashland)

These were the largest outer-borough real estate loans in November

These were the largest outer-borough real estate loans in November
TF Cornerstone president Fredrick Elghanayan and an aerial of 54-01, 54-19 2nd Street in Long Island City (Credit: TF Cornerstone and Google Maps)

No Amazon, no problem: TF Cornerstone plans 1,400 apartments in LIC

No Amazon, no problem: TF Cornerstone plans 1,400 apartments in LIC
A rendering of the Flushing waterfront and Council member Peter Koo (Rendering via Hill West Architects; New York City Council)

City Council approves Special Flushing Waterfront District

City Council approves Special Flushing Waterfront District
arrow_forward_ios

The Deal's newsletters give you the latest scoops, fresh headlines, marketing data, and things to know within the industry.

Loading...