Watermark LIC
Long Island City, NY
Watermark LIC is tailored for New York’s integrated, seamless lifestyle - a place to live, work and play with all of the conveniences of the city within reach. The building is served by 7 subway lines with 15 minute access time to midtown Manhattan.
Shopping, dining and cultural activities are a short stroll away on Vernon and Jackson Avenues. Designed by Handel Architects, Watermark LIC offers efficient apartment layouts designed for mobile professionals. When home from the office, residents have the option to work or play in one of the WiFi-powered amenity spaces, including a roof-top terrace with dramatic views, an elegant sky lounge, a work lounge with private meeting space, a garden, café, and fitness center.
Watermark LIC is a 27-story, rental property in the heart of Court Square. Occupancy started in July 2017.
150,000 GSF
168 Units
Unit Mix: 40% studios, 40% one-bedroom one-bath, and 20% two-bedroom two-bath units
2,500 SF retail space
LEED certified
Full-service building with stylish amenities
Spectacular Manhattan skyline views
Highlights:
Situated at the intersection of 43rd Avenue and 44th Drive in Long Island City, within three blocks of seven subway lines. Just a five-minute subway ride on the 7 line to Grand Central Station and 10 minutes to La Guardia Airport.
Secure 421-a Tax Abatement, enhancing long-term profitability.
LEED-certified luxury building offering efficient apartment layouts, in-house Wi-Fi-powered amenities like a rooftop terrace, and proximity to cultural and commercial hubs.
The property is well-positioned to benefit from the transformation of Court Square and upcoming retail developments. The building is also a short walk from renowned cultural institutions like MOMA’s PS1 and The Sculpture Center.
Favorable ground lease and strong residential market.
Development & Construction Process
