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Long Island City Townhouse Goes For At Least $3 Million

HGTV FrontDoor // Jul 29, 2013

Brooklyn neighborhoods tend to get all the attention when it comes to landmark townhouse sales, but this week the focus is on Long Island City. A townhouse at 531 51st Avenue hit the market in April for $3.25 million and just went into contract. The CORE Group, which holds the listing, tells us the contract was signed last week after receiving several offers over $3 million. Based on those numbers, this will mark one of the biggest — if not the biggest — townhouse sales in that neighborhood. Just to give you an idea, the median price for houses in Long Island City is $2.25 million, according to Streeteasy. “Talking about buying a property for $3 million here is no longer a profanity,” CORE broker Doron Zwickel told the Wall Street Journal.

The 21-foot brownstone is divided into a four-bedroom triplex with three full baths and a two-bedroom penthouse with two baths. The renovated interior features exposed brick throughout, wide-plank white oak floors and radiant heat flooring. Though the 3,100-square-foot triplex has been branded as the owner’s unit, the 1,030-square-foot penthouse doesn’t sound too shabby — it comes with a private 950-square-foot roof deck. Then again, the triplex boasts a 770-square-foot landscaped garden, so you really can’t go wrong when it comes to outdoor space in this house.

Original Article: HGTV FrontDoor