Corcoran New Development Tapped To Market L.I.C.'s Star Tower
Corcoran New Development has announced it has been brought on board as co-exclusive sales and marketing agent – along with Exit Dynasty Realty - for Star Tower, located at 27-17 42nd Road in the Queens Plaza section of Long Island City.
Conveniently situated just one subway stop from Midtown, the 182-unit condominium rises 27 stories over a thriving community, and will provide residents panoramic views of the iconic Manhattan skyline. Built by Eastern Star Development, generously sized one-bedroom homes are priced from the mid-$800,000s, and two-bedrooms start at approximately $1.4 million.
Spanning nearly 13,000 sq. ft., the building’s amenities center is among L.I.C.’s largest. It is complete with a 27th floor SkyDeck, a landscaped rooftop sun terrace, and residents’ SkyLounge with billiard table. Other amenities including a state-of-the-art fitness center, playground, zen garden, and media/theatre lounge will also be available for use. The building’s on-site automated parking and attended lobby will offer convenience and peace of mind.
With a 15-year tax abatement and ultra-low common charges of approximately $0.75 per foot, buyers have recognized the value Star Tower provides, and the building is already a quarter sold. The offering plan has been declared effective, which sets the stage for Spring 2020 closings, making it one of the only new L.I.C. condominium towers ready for occupancy in the coming months.
“We are proud to be part of the team who is bringing this spectacular property to market,” said Victoria Smith, who is leading sales at the building for Corcoran. “We continue to grow our presence in Long Island City, and we look forward to leveraging our marketing capabilities and international reach to guide buyers to Star Tower.”
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