Long Island City's rise from forlorn waterfront stretch to residential destination has been well documented, and one of the greatest testaments may be 5Pointz, the 50-story, two-tower, 1,100+ unit luxury rental that rose on the former site of a warehouse best known for its street art. Current availabilities start at $3,222/month for studios, $3,854/month for one-bedrooms, and $5,406/month for two-bedrooms; there is also a three-bedroom duplex penthouse available for $13,000/month. The building is currently offering a promotion of one month free rent on a 12-month lease or, on select units, two months free rent on a 20-month lease.
In all apartments, “your living room is your canvas to fill” with elegant finishes, hardwood floors, and oversized windows looking out on spectacular sunset and skyline views. Kitchens come outfitted with granite countertops and stainless steel appliances. Baths have rain-head showers, soaking tubs, and soothing finishes. Additional perks include generous closet space and in-unit laundry.
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One of 5Pointz's hallmarks is an impressive 90,000-square-foot amenities package. This includes a courtyard with a shuffleboard court, an indoor pool with lounge chairs, a co-working lounge, a video arcade, an indoor basketball court, and an indoor/outdoor Sky Lounge with BBQ grills and panoramic views. A nearly 8,000-square-foot fitness center offers cardio and strength equipment, spin rooms, group fitness rooms for yoga and dance, a boxing gym, and a sauna; a game lounge comes with big-screen TVs, video game systems, and a pool table. Additional conveniences and services include an attended lobby, a pet-washing station, and on-site parking.
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Before the new buildings took shape, 5Pointz was famous throughout the art world for its status as a graffiti destination. Street artists spent years using the abandoned warehouse at 22-44 Jackson Avenue as a canvas, but developer G&M Realty whitewashed the building without warning before demolishing it. A group of graffiti artists sued under a provision known as VARA (Visual Artists Rights Act). In 2018, Brooklyn Supreme Court Justice Frederic Block ruled that the developer violated the artists’ rights and ordered them to pay the artists the maximum of $150K per destroyed artwork for a total of $6.75 million. G&M Realty tried to take their case to the Supreme Court, but their request was declined in October 2020.
At the time of construction, the site was highly desirable for its close proximity to the Court Square E, M, G, and 7 trains, which allows for a quick trip to Manhattan and Brooklyn. However, there is now much more to offer closer to home: 5Pointz is up the street from MoMA PS1 and across the street from Long Island City's first Trader Joe's supermarket. Popular Jackson Avenue restaurants, Gantry Plaza State Park, and Hunters Point South Park are also a short distance away.
5Pointz is also the latest in a long line of amenity-rich rentals that have populated Long Island City in recent years. The ODA-designed 22-22 Jackson Avenue is across the street from 5Pointz, and Hayden, Linc LIC, Townhouse on the Park, The Cove, and The Pearson Court Square are a short walk away.
5Pointz is also the latest in a long line of amenity-rich rentals that have populated Long Island City in recent years. The ODA-designed 22-22 Jackson Avenue is across the street from 5Pointz, and Hayden, Linc LIC, Townhouse on the Park, The Cove, and The Pearson Court Square are a short walk away.
5Pointz Leasing
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