Star Tower - Key Highlights 1. Brand New 26 Story Luxury Glass and Steel Tower (15 years Tax abetment starts from 7/1/ 2020) 2. Amazing ceiling heights with floor to ceiling windows. Soaked with natural sunlight. 3. South and East exposure. 4. 14,600 sf of 5-star hotel style amenities on 2F and Rooftop. 2nd Floor *Gym *Bike storage *Yoga/kids playroom *Lounge *Outdoor common area w/ playground, BBQ *Private Movie Theater Rooftop *STUNNING MANHATTAN VIEW *Rooftop billiard's lounge with landscaped sun terrace. *Recreation Room Basement *Commercial Laundry Room *Storage 5. One subway stop from midtown Manhattan and conveniently located with 7 subway lines just 2 blocks away. 6. 421A Tax Abatement results in VERY LOW monthly costs vs. other buildings. Cheaper than renting for most buyers. Estimated total tax savings of approximately $110k-$143k depending on unit. a. Current property Tax only $391 per month b. Current Common Charge only $828 per month 7. Central Air heating and cooling plus electric baseboard. 8. All utilities included in common charges except for electric and internet/cable bill. 9. Automatic parking lot on 1st floor. 10. Storage units available. Why Star Tower? -Star Tower has the amazing ceiling heights in the market. - Star Tower has floor to ceiling windows. Gives you so much natural sunlight from southern exposure, feels like outside and inside merge together. - Star Tower has a 15-year tax abatement which saves you almost $1k a month or about $140K of total savings. - Star Tower is the best combination of quality and price in LIC. Neighborhood: - Real Estate giant Tishman Speyer recently built the 1.2 million sq. ft. JACX building across the street from Star Tower. This is becoming a landmark commercial center and it's closeness greatly helps Star Tower from an investment perspective. - Trader Joe's just opened up nearby - City Acres Supermarket 1 block away - Koufuku Japanese market 1 block away - train station 2 min walk, midtown in 7 minutes Welcome to Star Tower! You can be a Star! The complete offering terms are in an offering plan available from sponsor File NO. CD170102 "Keep your eyes on the stars, and your feet on the ground" - Theodore Roosevelt (26th US President)
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