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24-16 Queens Plz S
Condo
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$500,000

24-16 Queens Plz S, Queens

33% below median
0 bd·0 ba·0 sqft
Long Island City

24-16 Queens Plz S, Queens, NY

0 bd · 0 ba · 0 sqft Condo listed at $500,000 in the Long Island City neighborhood.

About this home

TCO & 421- A TAX ABATEMENT NOW IN PLACE! IMMEDIATE OCCUPANCY A brand new corner condo graced with sleek finishes and a layout that maximizes space and natural light, this stunning studio strikes the perfect balance between tastefulness and efficiency. Features of this 423 sq. ft. apartment include gorgeous white oak flooring, huge windows with southern and western exposure and city views, and a convenient in-home washer/dryer. Beyond a practical entryway foyer, the home flows into a roomy, open-concept living, dining, and kitchen space. The kitchen is equipped with an eat-in peninsula, custom MLAM Spanish Oak cabinetry, Caesarstone countertops, and a suite of fully-integrated appliances from Liebherr and Blomberg. A pristine full bathroom sits behind the kitchen and has a floating vanity, natural floor tiles, and soaking tub. A collaboration between Silverback Development and Woods Bagot, Hero, is a full service building with attended lobby, and offers residents 15, 000 sq ft of thoughtful amenities. These include an incredible rooftop deck with BBQ grills along with an integrated sky lounge and breathtaking city views, a state-of-the-art wellness center, a yoga studio with a 3, 000 sq ft veranda featuring dramatic 30-ft ceilings, a multipurpose dining space, a package room, bicycle storage, a relaxing lounge, a pet spa, and a Zen garden. The building is surrounded by restaurants, cafes, bars, and shops with easy access to the stunning Long Island City waterfront. The 7/N/W/R/E/M/G subway lines are just seconds away and multiple Citi Bike locations surround the building. 421-A tax benefits allows for an abatement of property taxes by exempting any increase in assessed valuation attributable to construction over the prior assessed valuation, subject to the assessed value cap pursuant to Section 421-A of the NYS RPL, provided that taxes shall be paid in each tax year in which full or partial exemption is in effect. Therefore, the 421-A tax benefit is a partial abatement. Renderings are for illustrative purposes only. All dimensions are approximate and subject to normal construction variances and tolerances. The complete offering terms are in an offering plan available from Sponsor File No. CD19-0042. Sponsor: P8/Silverback 24-16 QPS Owner LLC, Located at 40 West 57th Street, New York, NY 10019. Exclusive sales and marketing by Nest Seekers International, The Serhant Team. Equal Housing Opportunity. Fair Housing Notice.

Property details

Price
$500,000
Bedrooms
0
Bathrooms
0
Type
Condo
Days on market
2524
Est. property tax
$6,900/yr · $575/mo · 1.38% NY avg

Estimated monthly payment

Down payment20% ($100,000)
Interest rate6.75%
Principal & Interest$2,594
Property Tax$458
Insurance$150
Total$3,203/mo

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Price history

38.7%Most recent change on 2021-07-20: $815,000$500,000.

$847K$658K$469K$500K on May 19 (Initial list)$815K on Jun 21 (Sold)$500K on Jul 21 (Relisted)
$500K · May 19$500K · Jul 21
  1. Jul 20, 2021$500,000Relisted
  2. Jun 1, 2021$815,000Sold
  3. May 28, 2019$500,000Initial list price

Location

This home is located in Queens, NY, in the New York City area. Browse more Queens listings on the Queens market page or explore the full Queens market report.

Home Intelligence

Neighborhood (zip 11101)

This neighborhood is primarily renter-occupied (14% owner-occupied). Median age is 34.0; 34% hold a bachelor's degree; median household income is $109,625.

Median income
$109,625
Median age
34.0
Owner-occupied
14.3%
Bachelor's degree
33.9%
Census median home value
$1,011,200

Source: US Census Bureau American Community Survey 5-year estimates.

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