Real estate listings in Long Island City often emphasize skyline views, but the neighborhood's building boom is leading to an impressive skyline of its own that could one day rival Manhattan’s.
The latest entrant is a ground-up condominium at 5 Court Square, which will reach 125 feet tall. The two-story building formerly on-site was demolished, and construction has just topped out on its 11-story replacement. The new building will have nearly 5,000 square feet of commercial space on the ground floor and 58 apartments at an average size of nearly 1,000 square feet on top.
The latest entrant is a ground-up condominium at 5 Court Square, which will reach 125 feet tall. The two-story building formerly on-site was demolished, and construction has just topped out on its 11-story replacement. The new building will have nearly 5,000 square feet of commercial space on the ground floor and 58 apartments at an average size of nearly 1,000 square feet on top.
5 Court Square circa November 2018 via CityRealty
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According to plans filed with the city, the apartments in 5 Court Square will be spread out with six units on the second floor, seven on the third through seventh floors, five on the eighth through tenth floors, and only two on the eleventh floor. Renderings by Flushing-based designer MY Architect show large windows in all units and private balconies in several. Amenities will include a bike room and eleventh-floor recreation room. It offers easy access to three subway stops, making for a convenient commute to Manhattan or Brooklyn.
An offering plan filed with the New York State Attorney General does not list a sellout, but some nearby buildings should offer clues: Skyline Tower, the future tallest tower in Queens, is on the rise two blocks away and listing a record-setting sellout of $1.012 billion. A few blocks away, listings at the architecturally adventurous CORTE start at $900K. The Industry, a more established condominium, is completely sold out with closings at an average of $924 per square foot.
Construction photos via CityRealty
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Michelle Merritt
Michelle is a contributing writer and editor for real estate news in New York City
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