Fifty units at Clock Tower Lofts in Long Island City sold out in just 14 days as of June 14, 2024, setting a new Queens price-per-square-foot record. The development at 29-27 41st Avenue topped $1,700 per square foot, according to developer Charney Companies.

Buyers snapped up every unit at the new Clock Tower Lofts between May 31 and June 14, according to developer Sam Charney of Charney Companies. The 50-unit condo, rising above Queens Plaza in Long Island City, drew crowds at open houses and a reported 30% of buyers from surrounding Astoria and Sunnyside.

The previous Queens price-per-square-foot record was $1,520, set last year at Skyline Tower, just three blocks away. According to Douglas Elliman agent Jamie Tse, who brokered nine deals at Clock Tower Lofts, “Demand for new condos near the E, M, and 7 lines has exploded, especially among young professionals leaving Midtown rentals.”

The Clock Tower Lofts, built on the site of the historic Bank of Manhattan clock, feature 14-foot ceilings, rooftop views of Manhattan, and ground-floor retail set to open this summer. Units started at $1.1 million for one-bedrooms, with three penthouses topping $2.9 million.

Frequently Asked Questions

Where exactly are the Clock Tower Lofts located?

The Clock Tower Lofts sit at 29-27 41st Avenue, just steps from Queens Plaza and the E, M, and 7 subway lines in Long Island City. The building overlooks the iconic Bank of Manhattan clock tower and is three blocks from the Skyline Tower.

What is the new price record set by Clock Tower Lofts?

The average closing price at Clock Tower Lofts hit $1,700 per square foot, making it the most expensive condo development ever sold in Queens on a per-square-foot basis, surpassing last yearรขย€ย™s $1,520 record at Skyline Tower.

Who developed and marketed Clock Tower Lofts?

Charney Companies developed the Clock Tower Lofts, with sales and marketing by Douglas Elliman. The project drew heavy interest from local buyers in Astoria, Sunnyside, and Manhattanรขย€ย™s East Side, with nine deals brokered by agent Jamie Tse.

Frequently Asked Questions

Where are the Clock Tower Lofts located?

The Clock Tower Lofts are located at 29-27 41st Avenue in Long Island City, Queens, near Queens Plaza and the E, M, and 7 subway lines.

What price-per-square-foot record did Clock Tower Lofts set?

Clock Tower Lofts set a new Queens record with an average closing price of $1,700 per square foot.

How quickly did the Clock Tower Lofts sell out?

All 50 units at Clock Tower Lofts sold out in 14 days, between May 31 and June 14, 2024.

Who developed and marketed the Clock Tower Lofts?

Charney Companies developed the Clock Tower Lofts, and Douglas Elliman handled sales and marketing.

What was the price range for units at Clock Tower Lofts?

Units started at $1.1 million for one-bedrooms, with penthouses selling for over $2.9 million.

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