Long Island City’s Clock Tower Lofts on Thompson Ave is nearly sold out, with just four condos remaining out of 52 as of this week. Units averaging $1.65 million have drawn new buyers, particularly tech transplants from the West Coast.

Real estate agent Luis Maldonado of Modern Spaces confirmed that 29-11 Thompson Ave’s Clock Tower Lofts is “the hottest ticket in LIC right now,” with 48 of the 52 industrial-chic condos snapped up since January. “I’ve got tech folks coming in from Seattle, Palo Alto—most with job offers at Amazon’s HQ2 or Google in Hudson Yards,” Maldonado said on Monday.

Clock Tower Lofts, developed by Savanna and designed by SLCE Architects, converted the 1920s Eagle Electric building into open-plan residences featuring oversized windows and exposed brick. The project, launched in late 2023, saw a noticeable sales spike after Memorial Day, according to StreetEasy data. Loft 5E, a 2-bed, closed for $1.72M last Friday, setting a building record.

Buyers cite the easy Midtown commute—one stop on the E, M, or 7—and the growing nightlife around Jackson Avenue. Sarah Lee, a Google software engineer who closed on a seventh-floor unit last month, said, “I wanted more space and sunlight than anything I saw in Murray Hill. LIC has better coffee, too.”

With only four units left, Maldonado expects Clock Tower Lofts to officially sell out before July 4th. New listings in the neighborhood remain scarce, pushing prices up 11% since last summer. The building’s retail space will house a Blue Bottle coffee outpost by fall, adding to the area’s tech-friendly vibe.

Frequently Asked Questions

Where are the Clock Tower Lofts located in Long Island City?

The Clock Tower Lofts are at 29-11 Thompson Ave, close to the Court Sq-23 St subway stop. The building is a five-minute walk from Jackson Avenue and several major subway lines, offering direct, fast access to Midtown Manhattan and the Waterfront.

Who is buying condos at Clock Tower Lofts?

Most recent buyers are tech transplants relocating for jobs at Amazon, Google, and other major firms. Many moved from the West Coast and chose LIC over Manhattan for more space and amenities, according to sales team data and buyer interviews this month.

How much do Clock Tower Lofts units cost and what amenities are included?

Units have averaged $1.65 million in recent sales, with the top sale at $1.72 million for a 2-bed. Amenities include a lobby lounge, gym, rooftop terrace, and soon a Blue Bottle retail coffee shop in the ground floor space opening later in 2024.

Frequently Asked Questions

Where are the Clock Tower Lofts located in Long Island City?

The Clock Tower Lofts are at 29-11 Thompson Ave, near the Court Sq-23 St subway stop and a five-minute walk from Jackson Avenue.

Who is buying condos at Clock Tower Lofts in LIC?

Most buyers are tech professionals relocating for jobs at companies like Amazon and Google, many coming from the West Coast.

How much do Clock Tower Lofts units cost?

Units have averaged $1.65 million in recent sales, with the highest sale at $1.72 million for a two-bedroom.

What amenities are offered at Clock Tower Lofts?

Amenities include a lobby lounge, gym, rooftop terrace, and a Blue Bottle coffee shop opening in the building’s retail space by fall 2024.

How many units are left for sale at Clock Tower Lofts?

As of this week, only four out of 52 units remain unsold.

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