The Long Island City residential boom shows no sign of slowing down, and Arcadia LIC serves as proof of that. Sales at the eight-story, 36-unit condominium as 24-12 42nd Road launched earlier this winter and have gotten off to a meteoric start with over 75% of the available studios through two-bedrooms entering contract. Its contemporary design by Queens-based My Architect, convenient location, well-appointed apartments, and 15-year tax abatement are all contributing factors.
All apartments feature oversized windows and the highest quality materials, finishes, and technologies that include Nest thermostat and in-unit washer/dryer. Kitchens have Calacatta marble countertops, Moen sink, and top-of-the-line appliances. The bathrooms are outfitted with Porcelanosa tiles, Kohler tub, and Toto toilet. Select units have private terraces.
Of the small handful of remaining availabilities, one-bedrooms start at $962K and two-bedrooms start at $1.1 million. The average price of $1,372 per square foot puts it above the Long Island City median price of $1,255 per square foot, per CityRealty data.
A furnished roof deck overlooks the Manhattan skyline and the iconic Silvercup Studios sign. Inside, amenities include virtual doorman, fitness center, bike room, package room, and storage. Arcadia LIC is located two blocks from the Queensboro Plaza subway stop, which is one stop outside of Manhattan.
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Michelle Mazzarella
Michelle is a contributing writer and editor for real estate news in New York City