Arcadia 27 via Chase Global Realty Corp.
When Ampiera Group's Arcadia 27 was under construction in Long Island City, real estate enthusiasts speculated on whether the ground-up, nine-story building would hold condos or rentals. That question was recently answered: Sales have launched, and all 32 apartments come with a 15-year 421a tax abatement. A contemporary design by Queens-based My Architect features large windows, another perk for residents.
Living room
Kitchen
The studios through two-bedrooms feature highest-quality materials and finishes, Nest thermostat, virtual doorman, and in-unit washer/dryer. Kitchens are outfitted with Calacatta marble countertops, Moen sink, and appliances by Miele, Lieber, Bertazzoni, and Bosch. Baths have Porcelanosa tiles, Toto toilet, and Kohler soaking tub. Listed studios come with storage units, and select units have private balconies.
Studios in Arcadia 27 start at $627,500; one-bedrooms start at $768K; and two-bedrooms start at $1.55 million. These prices bring them in below the Long Island City median prices of $636,500 for studios, $890K for one-bedrooms, and $1,437,500 for two-bedrooms (per CityRealty data).
Floor plans
This is the latest addition to a local building boom near the Queensboro Plaza subway stop, the first outside Manhattan and a strong draw to this part of Long Island City. Arcadia 27 is just around the corner from (and not to be confused with) Arcadia LIC, a condominium that got off to a meteoric start and has only one two-bedroom home left for $2.48 million. A few blocks away, the few remaining listings at Queens Boro Tower start at $715K for a studio. One-bedrooms at the nearby Canvas start at $710K.
Surrounding construction demonstrates that this market shows no sign of slowing down. One Queens Plaza recently topped out, and its glassy facade is on the way up. On the rental front, an undulating tower at 24-16 Queens Plaza South is on the rise.
Surrounding construction demonstrates that this market shows no sign of slowing down. One Queens Plaza recently topped out, and its glassy facade is on the way up. On the rental front, an undulating tower at 24-16 Queens Plaza South is on the rise.
Content Specialist
Michelle Mazzarella
Michelle is a contributing writer and editor for real estate news in New York City
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