GALERIE Project in LIC Climbs to #3 on Our List, with 93 Units Sold
Brooklyn’s The Greenpoint, which occupied the third spot on our list of best-selling projects in H1 2019, climbed down one spot to land at #4 in our new ranking. That’s because a new contender has entered the list, landing the third spot.
This time, we’re talking about a project in Queens, namely the 182-unit GALERIE, located at 22-18 Jackson Avenue in Long Island City. The project, developed by Adam America Real Estate and Vanke US, sold 93 units during 2019, for a combined volume of $95 million and a median sale price per unit of $909,493. The Hunters Point project is conveniently situated right across the street from the MoMA P.S. 1 museum and features some unique amenities. The 11-story building incorporates a curated art program through its street-level, rotating art exhibit, dubbed ArtBox; the program is aimed at showcasing the art of local artists in a unique setting.
These art-oriented, luxury amenities do mean that prices at GALERIE aren’t for the faint of heart; the building offers studios to three-bedrooms ranging in price from $690,000 to $2,595,000. Nonetheless, units have been selling quite fast, considering this project didn’t make our list of best-selling buildings for the first half of the year.