Leasing Launches at Luna LIC, Offering Free Month Rent With Units Starting at $1,962
Luna LIC has kicked off leasing on its 124 rental homes priced a fraction less than similar units in Manhattan. Situated one subway stop from Midtown at 42-15 Crescent Street within the Queens Plaza section of Long Island City, the leasing team for a limited time is offering a month’s free rent and no broker’s fee for incoming lease signors. Current availabilities specify net effective rents beginning at $1,962/month for studios, $2,399 for one-bedrooms and $3,599 for two-bedrooms.
Homes offer high waffle-slab ceilings, large windows, hardwood floors, stainless steel appliances and a Bosch washer and dryer. Select residences, such as the two duplex penthouses, feature balconies or private terraces.
The pet-friendly building’s amenities include an attended lobby and concierge, on-site resident manager, fitness center, common roof deck with spectacular Manhattan views, and a gaming lounge with a billiard table, bar and TV.
Discerning the value LIC offers renters in comparison to Manhattan, Jeffrey Kaplan’s Meadow Partners purchased the 1953-built former office building for $19 million in 2012. With the pragmatic design firm Avinash K. Malhotra Architects at the helm, the team embarked on the modernization and conversion of the 100,000-square-foot structure, adding 10,000 square feet and two stories atop. In February, World Wide Group entered a contract to purchase the nearly finished building for roughly $70 million and will handle the residential and retail leasing. Worldwide recently completed the construction of its amenity-laden, 421-unit rental building named QLIC nearby.
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