Aug. 22, 2016 By Hannah Wulkan
Sales have officially begun on the new luxury condominium building The Monarch, marketed by Modern Spaces real estate firm.
The building will be completed this summer, with occupancy beginning in the fall.
The new 21,000 square-foot building, located at 47-05 5th Street in Hunter’s Point is one of the few developments with units for sale that was built under the 421a tax code, benefiting the buyers with a 15-year tax abatement program, under which homeowners are exempt from future property tax increases.
The building offers 21 units, including one-, two-, and three-bedroom options, with the lowest price beginning at $700,000.
“The Monarch is centrally located to everything that’s great about Long Island City. Desirable public spaces like a waterfront park are steps from the development, while conveniences like Duane Reade and Food Cellar are either directly across the street or less than a block away,” CEO and Founder of Modern Spaces Eric Benaim said in a statement.
“In a historic section of Hunters Point, The Monarch is also one of few developments built under 421a, giving buyers a considerable perk in the form of exceptionally low monthly taxes.”
Each unit has wood flooring and nine-foot ceilings. The building also has a children’s playroom, a gym, and a virtual doorman.
The Monarch is located about four blocks from the Vernon Blvd/Jackson Ave 7 train stop, and about two blocks from Gantry Plaza State Park and the waterfront.
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51 Comments
This eyesore STILL hasn’t opened, despite the sign out front that advertises “Coming this summer” (2016).
Anyone know the scoop?
Where did they get those windows? Obviously bought them for 1 reason only. They were cheap. Like the rest of the building. Sad. No pride in ones work. Quality is a thing of the past. Profits are all that matters.
Gay=OK. I am the REAL MRLIC and this Stupid FAKE MRLIC did write that disgusting post I spoke about. I have nothing against Gays or anyone but there is a time and place for certain things and i is not on this LIC POST Site.
CHINESE CONTRACTORS TOOK OVER WHOLE QUEENS WITH THEIR CHEAP LABOUR AND CHEAP MATERIALS.
ALSO THEY MAKE IT SO SHORT CEILING HEIGHT AND SHOWERS THEY PLACE SO LOW ACCORDING TO CHINESE HEIGHT.
CANT STAND THAT…..
Sandy G. I did not write that disgusting post by the FAKE MRLIC you saw on August 25, 9:13 pm/He has NO CLASS!!!!!!!!! I already posted earlier in these comments that I did not write that post.
It’s ok MRLIC, you don’t have to pretend you didn’t write that. Be proud of who you are.
Hibbity diddity tee who ha
Laughable yes it is. Short walks to overcrowded trains is not mentioned. The article makes LIC sound like there is everything here you need, an we all know that is not the case.
Here’s a laughable description for the building
The most hilarious part is the “community ” aspect they’re trying to emphasize
Discover modern luxury in the heart of Hunters Point South. The Monarch is a beautifully constructed condominium with close proximity to the Long Island City Waterfront, Gantry State Park, and the Long Island City Landing. Enjoy stunning views throughout the day in a brightly lit apartment space that epitomizes the height of comfort, relaxation, and convenience. Located centrally to daily necessities,including the Food Cellar supermarket, Duane Reade, and a Kitchen Plus More for all of your last minute apartment accessories and stocking stuffers, The Monarch is the ideal boutique Long Island City condominium space.
At The Monarch you will find luxury finishes at every turn. From the fully-equipped gym, to the lavishly decorated lobby, and the convenient virtual doorman, The Monarch will make you feel as if you are living in a dream. Enjoy the convenience of off-street parking and a bike storage area for your immediate use. The inside of your new home is also designed with comfort in mind. Engineered wood, Bosch appliances, and porcelain tile bathrooms will inspire you to decorate to your heart’s content. With spacious floor plans and plenty of natural light, hosting Sunday brunch or late-night wine tastings has never been more enjoyable. However, if you do want to venture into Manhattan, you only need to take a short walk to the G, 7, E, or M train lines or hop on the East River Ferry for an enjoyable trip sans traffic. With only six stories and 21 units, The Monarch is a boutique condominium that embraces modern luxury and a feeling of community, while providing residents with immediate access to all of life’s daily comforts.
Stunning views? Of the soccer field? That is a flat out lie.
The FAKE MRLIC wrote the DISGUSTING August 25, 2016 9:13 pm post. He is showing us what he is really like.
I like sucking dick. Black dicks are best.
That’s really disgusting MRLIC
The FAKE MRLIC wrote the August 25, 2016 post. why don’t he just give up already?
I am glad people recognzie the FAKE MRLIC posts. Paul called me a jackass for defending myself ,go figure. The Aug.22, 2016 11:34 pm & the Aug. 23, 2016, 10:12 am & the Aug. 23, 10:00 am post are all by the FAKE Joker. The one comment to Ted was mine.
Pen15
You have to find something else to keep you occupied
Lol as if for 700k I’m going to settle for a VIRTUAL doorman! They advertise Bosch appliances but I obviously require Miele or better. I’m not leaving my $5000 carbon road bike in some bike storage where it might come in contact with a poor person’s bike. Of course they cater to the breeders by having a kid’s area but there’s not special area for my Pomeranian, Gentry?! He needs his special food hand-prepared for him three times a day or he gets upset and won’t stop barking when he sees DeBlasio on the TV.
Aptly named “The Monarch” because only a king could afford those prices! The MRLIC post at August 22, 2016 6:22 pm about Ted was made by the FAKE JOKER that stole my handle!
You are the fake joker
It will sell fine
Look at ” the Jackson”. Horrible location. 75% of the apartments have no view.
70% sold already. No space for a family.
Only decent thing about the building is the finishes.
They’ll sell to plenty of investors who will rent here and continue to create a transient neighborhood
High prices keep the riff raff out.
Probably one of the worst boutique buildings built in the last few years.. the only worse one maybe Ivy28 or the Madison.
Huge waste of that location. Also the marketing is terrible. Zero interior pictures or renderings? Terrible website?
Going to sell badly.
TRUE! I KNOW BOTH OF THEM. IVY 28NIS SO UGLY. CHINESE FAKE.
I have been watching this building go up for the past two years out my window. It is extremely poorly designed and flat out ugly. Small windows, now balconies, strangely placed windows. It seems like the stairway or elevator shaft must be on one of the 2 front facing sides leaving a large section windowless and very ugly. These will sell fast due to the location but man are they junk. They are very central though near parks, next to Duane Reade and Food Cellar. This project was obviously built by a tasteless person who really had no passion for building but rather a passion to maximize profits. The construction crews were 100% Chinese.
Since they used Chinese construction crews they were “tasteless”? Typical racist brooklyn elite 1%er my cousin MRLIC is always warning me about.
Please run for president.
No. They were not tasteless because of Chinese construction crews but I am sure that they used cheap construction methods, cheap materials, cheap labor and cut corners whenever they could. I am a realist, not a racist. In fact, almost married a woman from Taiwan who was half Chinese, half African American. Some cultures do things better than others. Italians make nice cars and clothes. Germans are excellent engineers. Japanese and Koreans make great electronics. The Chinese though, can’t think of what they excel at other than gymnastics or stealing patents and intellectual property. Are you going to tell me that “Made in China” is synonymous with quality.
Aren’t most iPhones made in China?
That wall has held up pretty well.
100% AGREED !!!! ONLY IN USA PEOPLE ALWAYS RELATE TO “RASIZM” IN ANY ARGUMENT!!!! SO STUPID ! FUCKING BABYLON !!!! WILL NEVER BLEND LIKE MUD AND METAL NEVER BLENDS.
HAHAHAHHA
Really?? So blame China for everything? It’s the American companies that want to cut cost, cut corners, want things CHEAPER CHEAPER CHEAPER that makes these bad products and when shit hits the fan the AMERICANS are the first to point their finger at China. These giant corporations send their people over to quality control in China and the is a reason why the shit passed inspection in the first place.. It’s because these giant companies agreed to use those materials in the first place. Get that shit straight.. and yes Iphones are made in China.
Brooklyn? Elite? duh. I don’t know you, you don’t know me.
BROOKLYN IS ALL THE WAY UP OF QUEENS. QUEENS IS LIKE A SOUTH AMERICAN VILLAGE COMPARE TO BROOKLYN COUNTY. IT WAS ITS OWN CITY NOT A CARS HIGHWAY PASSING FROM HAMPTONS TO MANHATTAN LAS QUEENS IS. WATCH “GATSBY” AND YOU’LL SEE QUEENS THERE . WAS NOTHING , GAS STATIONS AND CRAP AROUND.
AND NOW ITS A CHINESE TAKE OVER
Not only is this building an eyesore, it contributes nothing to the neighborhood by neglecting to add any ground-floor retail.
cheap cheap cheap
crappy facade
non union labor built
just a crappy bldg
The unions are just pawns in Comrade DeBlasio’s August Coup, I’m glad they weren’t involved they are just as GREEDY as any real estate developer ever.
I see the moron with the bowling alley is still at it….now where is the other jackass that’s going to post the “that’s a fake post by mrlic”?
Hibbity dibbity do da
They could have put a bowling alley in there instead of another HIPSTER condo for the 1%.
How do you build without balconies!? Soo dumb
when your architect barely finished grade school you have little choice in design
Balconies sell apartments true but really they aren’t much use and few actually use them. They’re too small, too windy (higher you go the worse it is), and overall wasted space. In the case of this particular building what are you looking at anyway, the back of a building and the garbage on the street?
Yeah great look out on the LIRR yard
That’s one damn ugly building!
And yes, cheap as hell looking. Looks like something you’d find in Flushing or Corona.
Elmhurst too.. Queens blvd is lined with cheap Chinese construction like this
When are they going to finish the building?
Ted, you are right, this reckless building without planning just keeps going on.
Not sure I’ve ever seen a more boring, cheap-looking building.
Most buildings erected are generic and bland so while some may consider this one exceedingly boring it’s not that much worse then most of the others. Structurally they’re all built to nyc code, no more, only the ‘window dressings’ vary.
“In a historic section of Hunters Point, ……”
Funny, got to love sales spin.
You can thank modern spaces and Eric for that. He always says how he works closely with the developers throughout the design process and even helps them select finishes.
Look at how many of their shitty collaborations line our blocks.
Boring and uninspiring
50% of the unit being sold by them are not even being occupied by the purchasers. Meaning your neighbors aren’t buying here. Investors are.
This is a cheap piece of garbage. The caulking on the facade is poorly done. The aluminum siding is disgusting.
What kind of a name is “The Monarch” for such a piece of garbage?
Id be ashamed to tell someone I live in the monarch and then show them a piece of crap