Clock Tower Lofts at 29-11 Queens Plaza North officially sold out this week, with its median closing price hitting $1.2 million — topping any Queens condo project this year.

Buyers snapped up the last unit at Clock Tower Lofts on Monday, making the Art Deco redux at 29-11 Queens Plaza North the fastest-selling luxury conversion in Long Island City this year. RXR Realty, the developer behind the $55 million project, confirmed every one of the 50 lofts had closed or entered contract by June 10, buoyed by a surge of buyers priced out of Manhattan and Brooklyn.

The $1.2 million median price now stands as the highest for any new condo development in Queens in 2024, according to StreetEasy data. The building — a 1927 clock factory reborn as high-ceilinged, 1- and 2-bedroom lofts, drew buyers from neighborhoods like Astoria, Sunnyside, and even Forest Hills, said Compass agent Dana Wu, who handled several sales. “People want more space and a fast commute,” Wu told NYC Pulse.

Amenities helped push the lofts above the usual Queens price ceiling: residents get a rooftop deck wrapping the iconic clock tower, a speakeasy-style lounge, and a Peloton-equipped gym. Transit access sealed the deal, with the E, M, N, R, and 7 trains all within a two-block walk. RXR partner Brian Meltzer pointed to “walk-to-the-Ferry convenience” as another draw, especially for buyers who balked at Brooklyn prices.

The milestone comes as other high-profile Long Island City condo projects, like Skyline Tower on Court Square, still have dozens of units unsold. With Clock Tower Lofts topped out, industry watchers are eyeing which LIC building will next crack the seven-figure median.

Frequently Asked Questions

Where is Clock Tower Lofts located?

Clock Tower Lofts is located at 29-11 Queens Plaza North in Long Island City, Queens. The building stands near major subway lines (E, M, N, R, 7) and is steps from the Queensboro Bridge, making it a prime spot for commuters heading to Midtown Manhattan or Brooklyn.

How many units were sold, and when did sales launch?

All 50 units in the building have sold or entered contract as of June 10, 2024. Sales began quietly in October 2023, with RXR Realty and a team of local brokers handling the listings. The complete sellout took roughly eight months.

Why did Clock Tower Lofts fetch such a high median price?

The $1.2 million median price was driven by large layouts, high-end amenities, and easy access to multiple subway lines. The lofts offered more space than typical new condos, combined with historic details and panoramic city views, which attracted buyers from both Queens and other boroughs.

Frequently Asked Questions

Where is Clock Tower Lofts located?

Clock Tower Lofts is located at 29-11 Queens Plaza North in Long Island City, Queens, near the E, M, N, R, and 7 subway lines.

How many units were sold at Clock Tower Lofts and when did sales start?

All 50 units were sold or entered contract by June 10, 2024, with sales launching in October 2023.

What was the median closing price for Clock Tower Lofts?

The median closing price was $1.2 million, the highest for any Queens condo development in 2024.

What amenities does Clock Tower Lofts offer?

Amenities include a rooftop deck around the clock tower, a speakeasy-style lounge, and a gym with Peloton equipment.

Who were the typical buyers of Clock Tower Lofts units?

Buyers came from neighborhoods like Astoria, Sunnyside, and Forest Hills, as well as other boroughs, many of whom were priced out of Manhattan and Brooklyn.

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