Redeveloped Coop Adds 79 New Luxury Units to Elmhurst Neighborhood
- Oct 27, 2014
Queens, New York—Veteran developers Myles Horn, ABC Properties and Fisher Associates have unveiled 79 redeveloped units at The Continental Park in Queens, New York’s Elmhurst neighborhood. The Freyer Collaborative-redesigned units are part of a 153-unit residential building located at 87-10 51st Street and sales commenced on October 18.
“New Yorkers are still discovering Queens, and we believe Elmhurst is one of the best neighborhoods for today’s homebuyers,” says developer Myles Horn. “With The Continental Park, my partners and I saw an opportunity to re-create a beautiful coop building and bring necessary affordable luxury development to market. It’s clear that the market is eager for this type of product. Our inquiry list was more than 1,000 strong before the sales office even opened.”
Units are available in studio, one-, two- and three-bedroom floor plans. The studio units average about 500 square feet, while one-bedrooms are offered in sizes that range from 600 to 900 square feet. Two- and three-bedroom units are offered in sizes of 830 to 1,050 square feet and 1,200 square feet, respectively.
Prices start at $185,000 for studios and three-bedroom units start at about $510,000. Nu-Place realty is exclusively handling the marketing and sales for the building.
The renovated residences at The Continental Park feature high-end finishes including espresso solid oak flooring, gourmet kitchens with stainless steel appliances, custom white stone countertops and imported Italian cabinetry. The bathrooms include porcelain wall and floor tiles, custom tubs and high-end fixtures. Additionally, many units have large private outdoor areas and washer and dryer hook-ups.
“Until now, buyers would have been hard-pressed to find new luxury apartments in the city at such an affordable price point,” says Yael Goldman, associate broker with Nu-Place Realty. “It’s no secret that buyers are being priced out of Manhattan, Brooklyn and Long Island City. Increasingly these buyers are discovering Elmhurst and appreciating its diversity, great restaurants and accessibility within Queens and to Manhattan. Now, at The Continental Park, buyers can also find in Elmhurst top-of-the-line features and finishes not previously seen in neighborhood developments.”
The amenities package at The Continental Park will include a fitness center with cardio and strength training equipment, as well as a children’s playground and a resident lounge that will include an abundance of seating and a television screening area. The building’s lobby features leather and chrome furniture and terrazzo flooring. The grounds also include a professionally landscaped park with old-growth trees and original sculptures, as well as seating areas, a pond and a foot bridge.
The building’s location in Elmhurst offers convenient commuting options and is a block from the R and M trains. Express busses are also nearby, as is the Long Island Expressway.