In a sign that the heated Long Island City real estate market is still on fire, developers of the neighborhood’s newest rental building, 26-14 Jackson Ave., announced Monday the tower achieved 50 percent leasing after just one month.
The 14-story building by Ekstein Development and L+M Development Partners is located on the corner of Jackson Avenue and Purves Street near the Court Square Park and One Court Square, the tallest building in the borough.
The 98-unit rental building includes 20 affordable housing units. The building features views of the Manhattan skyline and studios, one- and two-bedroom apartments, ranging in sizes from 469 square feet to 1,115 square feet. Prices start from $1,984 per month for a studio to $4,846 for a two-bedroom apartment.
The building’s proximity to Manhattan via nearby subway lines and costs relative to rates in Brooklyn contributed to the quick leasing, said Andrew Barrocas, CEO of MNS Real Estate, which is marketing the building.
“As pricing for rentals along Brooklyn’s Williamsburg and Greenpoint waterfronts continue to rise, developments like 26-14 Jackson become intriguing options for renters looking towards Queens, specifically LIC, as an alternative,” he said. “Prospective renters are investing time to educate themselves on the area.”
THE COURIER/Photo by Liam La Guerre