Clock Tower Lofts at 29-27 41st Ave in Long Island City just launched sales, with penthouses listed at $2.8 million as of this week. The project marks a rare residential conversion of the 1927 Bank of Manhattan Building.

Clock Tower Lofts transforms the landmarked Bank of Manhattan Building near the Queens Plaza E/M/R station into eight oversized condos, developer Charney Companies confirmed to NYC Pulse on Tuesday. The 14-story Art Deco tower, recognizable for its clock faces, has stood empty since its former offices closed in 2019.

The priciest units are the two four-bedroom penthouses, each asking $2.8 million and spanning over 2,000 square feet with private terraces and skyline views. According to Danelle Garcia, Compass agent leading sales, “The penthouses are a true rarity for LIC, blending prewar details with contemporary finishes.”

The building offers a 24-hour attended lobby, package room, and bike storage—unusual amenities for a historic conversion. Each residence features 11-foot ceilings, restored hardwood floors, and oversized windows. Charney Companies completed the restoration this spring after a two-year renovation approved by the Landmarks Preservation Commission.

Neighborhood interest is already running high. “We had 12 showings in the first 24 hours,” Garcia said. With only eight units, insiders expect demand from both local buyers and Manhattan transplants looking to own a piece of Queens history.

Frequently Asked Questions

Where is Clock Tower Lofts located?

Clock Tower Lofts is located at 29-27 41st Avenue in Long Island City, Queens. The building sits next to Queens Plaza, steps from the E, M, and R subway lines, with easy access to both Midtown Manhattan and Roosevelt Island.

What is unique about these penthouses?

The $2.8 million penthouses are among the first offered in the landmarked Bank of Manhattan Building. Features include four bedrooms, over 2,000 sq ft of space, private terraces, original Art Deco details, and 11-foot ceilings—rare for new LIC condos.

Who developed Clock Tower Lofts and when did sales launch?

Charney Companies developed the project, restoring the historic tower over two years. Sales launched the first week of June 2024, with showings immediately following and Compass serving as the exclusive sales agent.

Frequently Asked Questions

Where are the Clock Tower Lofts located?

Clock Tower Lofts are located at 29-27 41st Avenue in Long Island City, Queens, near Queens Plaza and the E, M, and R subway lines.

How many residences are in the Clock Tower Lofts building?

There are eight loft residences in the restored 14-story Bank of Manhattan Building.

How much do the penthouses at Clock Tower Lofts cost?

Each of the two penthouses is listed for $2.8 million.

What are the features of the Clock Tower Lofts penthouses?

The penthouses have four bedrooms, over 2,000 square feet of space, private terraces, original Art Deco details, and 11-foot ceilings.

Who developed Clock Tower Lofts and when did sales begin?

Charney Companies developed the project, and sales launched in the first week of June 2024.

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