Feb. 12, 2018 By Nathaly Pesantez
Luxury condos at a soon-to-be-completed building across from MoMA PS1 have just hit the market, with prices ranging from $595,000 to over $2.5 million.
Galerie, the name of the building at 22-18 Jackson Ave., will rise to 11 stories and hold a whopping 182 condominiums, a rarity for Long Island City’s mostly rental market. Adam America Real Estate (AARE) and Vanke US are the developers of the site, and it is AARE’s first residential condo project in LIC.
“There has been amazing growth in the Long Island City real estate market this cycle and while luxury rentals have previously dominated, we are now seeing the market mature with higher-end, elevated condominium development,” said Brendan Aguayo of Halstead Property Development Marketing, the firm in charge of the condo’s sales.
The developers also boast of the building’s connection to the arts, as the development will see a rotating street-level art exhibit called ArtBox. The exhibit will showcase local artists, with the first one featuring a group installation by eight LIC-based artists.
“Long Island City is an artistic enclave unto its own, and we wanted to celebrate and help promote local artists both within the building’s own spaces and for public viewing,” said Omri Sachs, founder of Adam America Real Estate.
The building offers a variety of amenities and upscale features, including a full-size indoor pool, a landscaped courtyard, fitness center, a library with books selected from MoMA PS1, and event space. Other amenities include a children’s playroom, pet spa, and a rooftop terrace.
The mixed-use building, designed by ODA, will hold nearly 170,000 square-feet of residential space, and has carved out just under 5,000 square-feet for commercial space, according to building records filed in 2016.
The building is expected to be completed for mid-2019.