Cioffe & Sons Enterprises [CSE], is pleased to announce it has provided initial funding to develop a luxury three-unit condominium property located in Hunters Point in Long Island City (LIC), NY. The property is located just across the east river from Manhattan and is less than a 4-minute walk to the 7 train and one stop from Grand Central Station. In addition, there is a water taxi service provided by NY Waterways that travels between Hunters Point and 34th Street in Manhattan
The luxury kitchens will encompass top of the line appliances, Viking ranges & wall hoods, Viking french-door refrigerators and Bosch dishwashers. Custom Wood Shaker style cabinetry and 6” wide custom White Oak Hard-wood floors will run throughout. Appointed baths, outfitted with rain showers, pull down teak benches, and Kohler fixtures. Exterior amenities will include an enclosed 1,000 sq. ft. private rear yard and private rooftop terrace with views of NYC. Gross sales are projected to be north of $1,200 per square foot, which is in-line with comparative area sales within the past 6 months.
EVP TJ Cioffe has stated: “The 3-Unit Condo Property is located in the Hunters Point subdistrict section of Long Island City, one of New York City’s fastest growing, and appreciating, neighborhoods. The Hunters Point section is located on the waterfront and has produced, on average, the highest price/SF and rental rates in Long Island City due to its proximity to Manhattan, exceptional views, and growing retail presence”.