Queens’ Top 10 Best-Selling Condo Projects in 2015
An improving local economy drove strong sales in Queens’ housing market last year. From luxury high-rises to more standard fare, here are the Top 10 sales in the borough’s condo market last year, compiled with data from PropertyShark.
10. Silver Towers
Owner: Corcoran Group
Address: 12510 Queens Blvd
Neighborhood: Kew Gardens
Units Sold: 20
Median Sale Price: $180,000
This striking, luxury high-rise building features all the standard amenities and is just steps from the Hudson. As a result, many of the buildings 277 units have spectacular views of the river and the Manhattan skyline.
9. Kennedy House Condominiums
Owner: Kennedy House Owners Association
Address: 11017 Queens Blvd
Neighborhood: Forest Hills
Units Sold: 20
Median Sale Price: $577,000
One of the few modern high-rises in Forest Hills, the Kennedy House features a pool, indoor garage and gym, and a rooftop area. The building celebrated its 50th birthday last year.
8. Park City Estates
Owner: Park City Estates Ten Co
Address: 6115 98 St
Neighborhood: Rego Park
Units Sold: 22
Median Sale Price: $207,500
This collection of luxury co-op buildings, featuring a swimming pool and units with private terraces, is sure to get a boost from the recent infusion of luxury developments in the Rego Park neighborhood.
7. Shangri-La Tower
Developer: Kenny Liu
Address: 13215 41 Ave
Neighborhood: Downtown Flushing
Units Sold: 24
Median Sale Price: $441,000
Design-wise, this modernist mid-rise condo block has more in common with similar projects in places like Williamsburg and the East Village than it does with its counterparts in Queens. As demonstrated by its strong performance last year however, that seems to be a selling point.
6. Citylights
Address: 474 48 Ave
Neighborhood: Hunters Point
Units Sold: 32
Median Sale Price: $585,000
With the spectacular views of the water and the Manhattan skyline afforded by the oversize windows in its units, it's not hard to see why this waterfront condo complex led the charge in the renewal of waterfront Queens that began a decade or so ago. The building also includes tennis courts, a roof deck and an indoor gym.
5. Dara Gardens
Owner: Adam Klein
Address: 15010-15029 71 Ave
Neighborhood: Kew Gardens Hills
Units Sold: 43
Median Sale Price: $176,300
Property Managed By: Dermont Realty Management
This gated co-op complex is pretty average by Queens standards, but it’s been hampered by its distance from public transportation routes.
4. Bay Club Condo
Owner: The Bay Club Condo Co
Address: 20990 23rd Ave
Neighborhood: Bay Terrace
Units Sold: 44
Median Sale Price: $505,000
This sprawling 13-acre condo co-op features an Olympic-sized pool and tennis courts. Apparently those features have had the intended effect—a unit sold for upwards of $1M just two years ago.
3. The Continental Park
Developer: Myles Horn, ABC Properties and Fisher Associates
Address: 87-10 51st Ave
Neighborhood: Elmhurst
Units Sold: 48
Median Sale Price: $386,000
There was some controversy surrounding this project while it was underway, including a stop-work order, over two-dozen violations and numerous lawsuits. Despite its stormy past, the new high-end units fit nicely with the “renaissance underway now in Elmhurst,” the developer says.
2. The Aston
Developer: Cord Meyer Development
Address: 180-20 71st Ave
Neighborhood: Forest Hills
Units Sold: 89
Median Sale Price: $845,000
The luxe units in this striking tower are distinguished by designer kitchens, spa bathrooms and spacious, well-lit living rooms. Amenities include an indoor gym, an outdoor terrace and on-site parking.
1. North Shore Towers
Owner: North Shore Towers Apartments Inc
Address: 27240 Grand Central Pkwy
Neighborhood: Glen Oaks
Units Sold: 112
Median Sale Price: $610,000
Property Managed By: Charles H. Greenthal Management
This three-building luxury co-op features a total of 1,800 residences framed by rolling lawns and an 18-hole golf course. The three towers are linked by a shopping arcade that includes dining, shopping and even a movie theater.
