apartment, property management, real estate

Luxury apartments in Queens

Queens

EXCLUSIVE: Woodside luxury building full of tenants in only 6 weeks

Modern Spaces sells out 66 units at double the neighborhood average

NEW YORK DAILY NEWS
Monday, April 14, 2014, 5:23 PM
  • Modern Spaces completely leased out the Icon52 on Queens Blvd. in Woodside in just 6 weeks on the market.MODERN SPACESModern Spaces completely leased out the Icon52 on Queens Blvd. in Woodside in just 6 weeks on the market.

THAT was fast.

Woodside’s first luxury apartments filled up after a breezy six weeks on the market, the Daily News has learned.

Tenants willing to fork over sky-high rents that are double the neighborhood average signed leases for all 66 units in the 12-floor Icon52 at 52-05 Queens Blvd.

: The Icon52 offers tenants in its 66 studio through two bedroom apartments a large balcony area with views of the Manhattan skyline.The Icon52 offers tenants in its 66 studio through two bedroom apartments a large balcony area with views of the Manhattan skyline.

Studios at the red brick building start at $1,500 per month and two-bedrooms shoot up to $2,600, or about $41 per square foot — far more than the $18 to $22 per square foot most rentals in the neighborhood command, said Eric Benaim, CEO of brokerage Modern Spaces, which listed the building.

The building, designed by Todd Ernst, is the first luxury development to spring up in Woodside — perhaps the next frontier for developers who were late to capitalize on the boom in Long Island City and Astoria.

: The Icon52, completed in 2013, is the first luxury building in Woodside, according to Long Island City-based Modern Spaces.MODERN SPACESThe Icon52, completed in 2013, is the first luxury building in Woodside, according to Long Island City-based Modern Spaces.

“It definitely shows a new trend,” said Benaim. “Everyone who’s getting priced out of those other areas, I see them looking at this neighborhood as cheaper to develop on.”

The Tsilo Group developed the building, which boasts onsite parking and a rooftop lounge.

Advertisements
Standard

Leave a Reply

Fill in your details below or click an icon to log in:

WordPress.com Logo

You are commenting using your WordPress.com account. Log Out / Change )

Twitter picture

You are commenting using your Twitter account. Log Out / Change )

Facebook photo

You are commenting using your Facebook account. Log Out / Change )

Google+ photo

You are commenting using your Google+ account. Log Out / Change )

Connecting to %s