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New York & Tri-State   /   October 15, 2019

Paul Bubny
By: Paul Bubny

LIC Condo Tower Tops Out at 778 Feet

Skyline Tower in Long Island City has topped out at 778 feet tall. The residential condominium tower surpassed the height of neighboring Citigroup Building, which formerly reigned as the tallest building in Queens with a 673-foot height.

Queens-based brokerage Modern Spaces is handling marketing and sales for Skyline Tower. The firm has already sold $223 million worth of inventory since the project’s soft launch in May, equating to 25% of its 802 units. Units sold range in price from $640,000 to $2.365 million.

Developed as a joint venture by Risland Holdings LLC, FSA Capital and United Construction & Development Group, Skyline Tower’s studio-to-four-bedroom homes range in size from 400 to 1,547 square feet. Move-ins are slated to begin in 2020.

The developers have committed approximately $17 million for a new entrance to the Court Square station, serving the E, M, G, and 7 lines, at Skyline Tower’s base.

Connect National Investment & Finance is coming to New York on Oct. 23. For more information, or to register, click here.

Connect Opportunity Zones will be presented for the first time on Oct. 23 in New York. For more information, or to register, click here.

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About the Author

Paul Bubny serves as Senior Content Director for Connect Commercial Real Estate, a role to which he brings 13-plus years’ experience covering the commercial real estate industry and 30-plus years in business-to-business journalism.
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