Factory House, 42-60 Crescent Street, in Court Square, embodies a timeless, industrial-chic style that respects Long Island City's history. This 2016 boutique condominium consists of 10 floors and 37 residences. The two-story grand entrance lobby features exposed brick walls, wooden ceiling joists, sculptural steel beams and a mural by acclaimed artist James Goldcrown. The 421-a property tax exemption goes through June 30, 2032.Apartment 7A is a thoughtfully designed corner three-bedroom, two bath residence with 1,317 square feet. With views to the south and east, the apartment receives great light all day long, through expansive double-hung and multi-pane windows. There is a walkin closet, three large reach in closets and a spacious laundry closet. The large open kitchen features rift-cut red oak full height cabinets, a white quartz stone island and countertops, a stainless steel apron-front double sink with spring coiled faucet and pot filler, a full height stone backsplash and a Whirlpool stainless steel appliance package, including a dishwasher, a 36-inch refrigerator (with a through-door water and ice dispenser), a 5-burner cooktop and a built-in oven. The range hood is fully vented to the outside.The corner master bedroom includes five large windows, a large walkin closet and a bathroom. The master bedroom comfortably fits a king-size bedroom set.Other features include exposed brick walls, white quartz windowsills, an LG washer/dryer, rustic wood floors, ceiling heights up to nine feet four inches, generous closets that have been customized, and solar shades, blackout shades and ceiling fans in all rooms. The apartment entrance is clad in a stone surround.The spa style master bath features a stone shower stall with a glass enclosure, Venetian bronze fixtures, distressed porcelain surfaces and a Vigo sink with walnut vanity. The walls and the floor in the secondary bathroom are also clad in porcelain, there is a Kohler deep soaking tub and shower, Grohe fixtures and a Vigo sink with tigerwood vanity. Factory House offers a full-time super, a large fitness center, a playroom, a roof deck, a library lounge and a billiards room. On-site parking, personal storage and bicycle storage are subject to availability. The building is pet friendly.Factory House is in rapidly evolving Court Square, Long Island Citys fastest growing neighborhood which has recently experienced tremendous investments including major upcoming projects such as Tishman Speyers 1.2 million square foot office complex, The Jacx, and The Durst Organizations 978,000 square foot mixed-used development, Queens Plaza Park. The 7, N, W, R, E, M and G trains are less than 5 minutes from the buildings entrance and there are many highly regarded and award-winning restaurants nearby, including M. Wells Steakhouse, lL Falco, LIC Market, Sapps, Luzzos, Levante and Indie LIC.
With the recent unprecedented rate cut by the Federal Reserve, banks have been inundated with people looking to take advantage of lower interest rates. Because of the overwhelming demand, we have not yet seen a huge reduction in mortgage rates. While we aren’t there yet, it is likely that we will see a dramatic shift in the upcoming months, which raises the question, “What does a 1 point difference in interest rate do for my bottom line?”Read more