All photos courtesy of IKEA

The first small-format IKEA in the United States will open in Queens this month. The retailer, known for its affordable flat-pack furniture, will take up 115,000 square feet at a shopping mall in Rego Park. Expected to open sometime in early January, the new store is the third IKEA in New York City, joining existing locations in Red Hook and on the Upper East Side.

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Rendering courtesy of IKEA U.S.

IKEA is coming to Queens. The Swedish furniture store announced on Tuesday plans to open a new location at a shopping center in Rego Park next summer. The store, located in the Rego Center, will be the first in the United States with a new layout, according to the company.

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Experts recently said that NYC apartments are a better investment than gold. But how does the formula work out when the apartment is dripping in gold?

A Queens-based jewelry designer spent $150,000 to outfit her Rego Park condo with glittering and gilded touches like door handles made of Swarovski crystals, walls and ceilings painted with crystal dust, 24k white gold leaf mosaics on the kitchen backsplash and columns and gold-plated bathroom fixtures. And she appropriately named her home the Jewelry Box. DNAinfo reports that the apartment, located at the Millennium 99 luxury condo at 63-36 99th Street, has hit the market for $1,288,886, which might be the highest asking price to date in the neighborhood.

Check out the opulent pad here