LIC’s LINC fully leased
Rockrose Development Corp. announced that Linc LIC, the new, amenity-rich luxury residential rental tower in the heart of Court Square, Long Island City, is 100 percent leased. Occupancy of the 42-story, 709-unit building commenced last August.
Rockrose President Justin Elghanayan said, “We are thrilled to celebrate the rapid lease-up of Linc LIC, the first large-scale rental building in Court Square to reach full occupancy. The development of Linc LIC was a true test of the Court Square, Long Island City marketplace, and the project has been a tremendous success.”
Rockrose is continuing to grow with Long Island City, having recently started construction of an even larger 50-story mixed-use development at 43-25 Hunter Street. It will feature 19,400 square feet of ground floor retail, as well as 974 apartments.
A third Rockrose project, a residential conversion and addition to the former Eagle Electric manufacturing site at 43-22 Queens Street, will be a 54-story tower with 783 apartments.
Located at 43-10 Crescent Street, the apartments at Linc LIC range from 450-square-foot studios to 1,400-square-foot three bedrooms.
Many apartments have balconies, in-unit washer/dryers and floor-to-ceiling windows. Building amenities include basketball and squash courts, a children’s playroom, a screening room and a bi-level, 5,650-square-foot fitness center.
●GLEAM REALTY INC
Washington Heights’ Edgecombe Parc 80 percent in contract
Sales and marketing team Bracha New York announced Edgecombe Parc Condominium is 80 percent in contract in less than ten months on the market and closings have started.
Located at 456 West 167th Street, the project is a premier building featuring 49 residences and six commercial units in Washington Heights. The developer is Gleam Realty Inc.
“Edgecombe Parc is an attractive ownership opportunity because its located in Washington Heights, an evolving neighborhood that provides buyers with the ability to get in early at attractive price points, compared to other parts of Manhattan where prices have skyrocketed,” said Ilan Bracha, president of Bracha New York at Keller Williams NYC.
Edgecombe Parc residences started at $340,000 to approximately $1 million for one-bedrooms to three-bedrooms. Homes range from 500 square feet to 1,170 square feet.
The furnished lobby boasts a marble and granite finish and features a waiting area for guests. Additional features include a fully equipped fitness center, secure bicycle storage rooms, doorman/concierge service, a garden adjacent to the gym and a rooftop terrace with views of the park, George Washington Bridge and the Manhattan skyline.
The property is approved by the Federal Housing Administration, and offers financial options for homebuyers. There are 7 residences currently available on the market.
“Buyers are drawn to the up-and-coming neighborhood, the building and accessibility of this property,” said Lisa Joa, director of operations at Bracha New York.
Edgecombe Parc also offers six commercial units zoned for community facility use on the ground and cellar levels of the building.
Each unit contains a private bathroom as well as private outdoor space for a few of the units in the cellar. Starting at $428,000, the commercial units range in size from 750 square feet to more than 1,000 square feet. All commercial units include a tax abatement called Industrial & Commercial Abatement Program (ICAP). One unit has already been sold.
Miron Properties tapped to lease
Central Harlem rental
Miron Properties announced it has been retained by the developer MKF Realty to market and lease The Gloria, a modern rental redevelopment located at 9 East 118th Street in Central Harlem.
The leasing office opens next week and renting will begin immediately. There are currently 21 units available in the 30-unit building: 18 one-bedrooms and 3 two-bedrooms.
The Gloria, a family name of one of the principals, originally built in 1928, has been redeveloped with state- of-the-art luxury finishes. The common areas have been rebuilt with video security and custom tile-work throughout.
Each of the remodeled apartments has been gutted to the joists and retrofitted with sound deadening and energy efficient insulation, new windows, hardwood floors and brand new electrical and plumbing systems; the apartments are now appointed with stainless steel appliances, stone kitchens, marble baths, and in-unit washer/dryer in all two bedrooms.
Central air is also available in each unit for an additional fee. The free market homes range in price from $1,900 for 1BRs, and $2,975 for 2BRs.
MKF Realty consists of a team of real estate professionals with longstanding expertise in real estate investment and development. The team draws on over fifty years of combined development experience on major projects in the United States and Latin America.
MKF Realty is dedicated to providing outstanding quality and the latest housing innovations in all of its buildings to provide an unmatched level of service to its residents. With this in mind, The Gloria is the first of many projects MKF Realty will be presenting to the market in the next five years.
“We are very excited to present The Gloria as our first property in the exciting Harlem submarket,” says Isaac Khafif, president of MKF Realty. “We chose Miron Properties to represent the property because Jeff Schleider has assembled a great team of efficient, energetic and industrious young brokers who are able to work at the fast pace required in the New York City rental market.”
“MKF Realty has created a remarkable product with the Gloria apartments, unlike anything we’ve seen in the neighborhood. These finishes, combined with a superb location that is equidistant from the 6 and 2/3 trains and only 10 minutes to Times Square, made the project very exciting for us,” explains Jeffrey Schleider, founder, Miron Properties. “We have already received a tremendous interest and look forward to leasing out the building.”
●LIONS GROUP II
Leasing launches at Rego Park luxury rental
Residential brokerage Modern Spaces announced the launch of the leasing campaign for The Rego Modern, at 99-39 66th Avenue in the Rego Park neighborhood of Queens. The firm serves as the exclusive marketing and leasing agent for the 38-unit luxury development.
“As Queens continues to become the desired destination for many, we are thrilled to introduce The Rego Modern to the market,” said Modern Spaces Managing Director Gregory Kyroglou. “Prospective residents will be drawn to the development’s well-appointed homes, extensive amenity package, and convenient location in this vibrant neighborhood.”
The Rego Modern offers homes ranging from studios to two-bedrooms with oak flooring and recess lighting throughout. Kitchens boast GE appliances, Caesar stone counters and Mosaic tile back splashes. Bathrooms are designed with Kohler fixtures, Marble Mosaic tile showers and heated floors.
In addition to beautifully designed homes, the development’s amenities include a fitness center, on-site laundry, outdoor recreation area, parking, and bike storage. Residents in
The Rego Modern will also enjoy being in close proximity to the dining and nightlife on Austin Street plus being within walking distance to the Rego Center, which is home to a number of stores and restaurants.