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Future New York

Tax-Abated Condos at Ispica Astoria Hit the Queens Market

All images of Ispica Astoria via Compass All images of Ispica Astoria via Compass
Barely two days after sales launched at Ispica Astoria, a new four-story condominium, a two-bedroom apartment has already entered contract for $1.1 million. Perhaps this is not surprising, given that the extra-private boutique building boasts highly enviable interiors and has a 15-year tax abatement.
Ispica Astoria has only six units, many of which are duplexes. All apartments feature oversized windows, hardwood floors, generous storage space, intercom, and in-unit Bosch washer/dryer. Custom kitchens are outfitted with Italian cabinetry, quartz countertops and premium appliances. Spa-like baths have heated floors, Toto toilets and Kohler fixtures. Ground-floor units come with private backyards, and upper-level units have private balconies.

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Ispica Astoria, 25-63 38th Street
Ispica Astoria, 25-63 38th Street Astoria/LIC
 
 
 
 
25-63-38th-Street
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25-63-38th-Street
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25-63-38th-Street
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25-63-38th-Street
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Ispica Astoria is a short walk from 30th Avenue’s bustling dining and nightlife scene, which includes such local favorites as The Shady Lady, Sugar Freak, and Butcher Bar. There is a bus stop at the end of the block, and the Astoria Boulevard and 30th Avenue subway stops are equidistant.
Of the remaining units, a studio is listed for $745K and a one-bedroom is listed for $860K. This is well above the Long Island City median of $636,500 for studios, but just below the Long Island City median of $890K for one-bedrooms (per CityRealty data). For more listings, click here.
Ispica Astoria Rear yard of #1F
Ipsica Astoria Google Earth aerial showing location of Ipsica Astoria (CityRealty)
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Content Specialist Michelle Merritt Michelle is a contributing writer and editor for real estate news in New York City